Commodity Prices

Gold •391 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,399.70	-19.90	-1.40%
WTI Crude •10 mins	69.42	+0.21	+0.30%
Gasoline •19 mins	2.234	+0.015	+0.69%
Ethanol •391 days	2.161	+0.000	+0.00%
Silver •391 days	30.82	+1.16	+3.92%

Silver • 391 days	30.82	+1.16	+3.92%
Copper • 391 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.69	+0.18	+0.25%
Natural Gas • 10 mins	3.034	-0.108	-3.44%
Heating Oil • 10 mins	2.418	-0.046	-1.86%

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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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