Commodity Prices

Gold •768 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,780.00	+26.40	+1.51%
WTI Crude •11 mins	84.28	+2.15	+2.62%
Gasoline •11 mins	3.180	+0.044	+1.41%
Ethanol •768 days	2.161	+0.000	+0.00%
Silver •768 days	30.82	+1.16	+3.92%

Silver • 768 days	30.82	+1.16	+3.92%
Copper • 768 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.81	+2.09	+2.38%
Natural Gas • 11 mins	2.771	-0.023	-0.82%
Heating Oil • 11 mins	4.249	+0.059	+1.41%

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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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