Commodity Prices

Gold •356 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,304.50	+20.60	+1.60%
WTI Crude •56 mins	64.37	-4.14	-6.04%
Gasoline •56 mins	2.086	-0.133	-5.97%
Ethanol •356 days	2.161	+0.000	+0.00%
Silver •356 days	30.82	+1.16	+3.92%

Silver • 356 days	30.82	+1.16	+3.92%
Copper • 356 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.76	-3.72	-5.20%
Natural Gas • 56 mins	3.537	-0.161	-4.35%
Heating Oil • 56 mins	2.285	-0.078	-3.30%

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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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