Commodity Prices

Gold •15 mins	1,869.10	+3.20	+0.17%
Platinum •15 mins	1,165.80	+0.50	+0.04%
WTI Crude •11 mins	70.99	+0.11	+0.16%
Gasoline •12 mins	2.177	+0.006	+0.28%
Ethanol •2 hours	2.460	+0.000	+0.00%
Silver •15 mins	28.01	-0.03	-0.10%

Silver • 15 mins	28.01	-0.03	-0.10%
Copper • 15 mins	4.524	-0.003	-0.07%
Brent Crude • 2 hours	72.86	+0.17	+0.23%
Natural Gas • 10 mins	3.354	+0.002	+0.06%
Heating Oil • 22 mins	2.111	-0.001	-0.03%

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Gold - Back Above 1100

By - Jan 21, 2016, 5:47 AM CST

Gold seems to be in a short-term upside move. Yet, the metal is still trading between hourly support at 1046 (03/12/2015 low) and resistance at 1113 (08/01/2016 high). Expect to show continued a deeper upside move.

In the long-term, the underlying downtrend (see declining channel) continues to favour a bearish bias. A break of the resistance at 1223 is needed to suggest something more than a temporary rebound. A major support can be found at 1045 (05/02/2010 low).

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