Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	976.80	-3.50	-0.36%
WTI Crude •10 mins	62.83	+0.04	+0.06%
Gasoline •10 mins	2.113	+0.007	+0.32%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	66.55	+0.43	+0.65%
Natural Gas • 15 mins	2.916	-0.014	-0.48%
Heating Oil • 59 mins	2.151	+0.007	+0.35%

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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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