Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	969.60	-0.90	-0.09%
WTI Crude •10 mins	70.27	+0.17	+0.24%
Gasoline •37 mins	2.059	-0.001	-0.03%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.37	+0.14	+0.19%
Natural Gas • 10 mins	3.429	+0.090	+2.70%
Heating Oil • 16 mins	2.276	+0.001	+0.05%

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Gold - Bullish Momentum is Growing

By - Jan 26, 2016, 5:44 AM CST

Gold's short-term upside move continues. The metal has broken hourly resistance at 1113 (08/01/2016 high. Hourly support is given at 1046 (03/12/2015 low). Expected to show 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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