Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,404.20	-10.80	-0.76%
WTI Crude •10 mins	65.59	+0.35	+0.54%
Gasoline •1 hour	2.111	+0.012	+0.59%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 18 mins	68.05	+0.32	+0.47%
Natural Gas • 9 hours	3.261	-0.145	-4.26%
Heating Oil • 1 hour	2.381	+0.021	+0.89%

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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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