Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,143.60	+7.10	+0.62%
WTI Crude •10 mins	63.15	-0.22	-0.35%
Gasoline •11 mins	2.059	-0.004	-0.18%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	65.34	+0.48	+0.74%
Natural Gas • 10 mins	3.654	-0.023	-0.63%
Heating Oil • 13 mins	2.092	-0.003	-0.14%

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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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