Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,141.40	+4.90	+0.43%
WTI Crude •11 mins	63.22	-0.15	-0.24%
Gasoline •18 mins	2.061	-0.002	-0.11%
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 • 2 hours	65.34	+0.48	+0.74%
Natural Gas • 12 mins	3.659	-0.018	-0.49%
Heating Oil • 10 mins	2.093	-0.002	-0.09%

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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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