Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,165.50	-38.80	-1.76%
WTI Crude •40 mins	95.73	+8.48	+9.72%
Gasoline •41 mins	2.965	+0.176	+6.32%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	101.51	+9.53	+10.36%
Natural Gas • 40 mins	3.233	+0.024	+0.75%
Heating Oil • 40 mins	3.899	+0.220	+5.98%

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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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