Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	945.50	-11.10	-1.16%
WTI Crude •10 mins	64.61	-2.34	-3.50%
Gasoline •10 mins	2.105	-0.060	-2.75%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.85	-2.29	-3.26%
Natural Gas • 10 mins	4.089	-0.049	-1.18%
Heating Oil • 10 mins	2.123	-0.066	-3.00%

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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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