Commodity Prices

Gold •10 mins	1,338.30	-10.50	-0.78%
Platinum •10 mins	931.80	-8.30	-0.88%
WTI Crude •2 days	68.40	+0.07	+0.10%
Gasoline •2 days	2.100	+0.017	+0.81%
Ethanol •2 days	1.499	-0.009	-0.60%
Silver •10 mins	17.16	-0.08	-0.44%

Silver • 10 mins	17.16	-0.08	-0.44%
Copper • 10 mins	3.135	+0.003	+0.10%
Brent Crude • 2 days	74.06	+0.28	+0.38%
Natural Gas • 2 days	2.767	+0.072	+2.67%
Heating Oil • 2 days	2.115	+0.011	+0.52%

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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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