Commodity Prices

Gold •672 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,077.90	+15.30	+0.74%
WTI Crude •20 hours	89.83	-12.44	-12.16%
Gasoline •20 hours	3.324	-0.297	-8.20%
Ethanol •672 days	2.161	+0.000	+0.00%
Silver •672 days	30.82	+1.16	+3.92%

Silver • 672 days	30.82	+1.16	+3.92%
Copper • 672 days	4.530	+0.111	+2.51%
Brent Crude • 20 hours	98.33	-11.54	-10.50%
Natural Gas • 20 hours	2.720	-0.068	-2.44%
Heating Oil • 20 hours	3.612	-0.418	-10.38%

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Gold - No Selling Pressures Below 1265

By - Oct 28, 2016, 7:00 AM CDT

Gold's new leg has started. The metal is moving up toward hourly resistance at 1277 (05/10/2016 high). Hourly support is located at 1261 (21/10/2016 high). Stronger support is given at 1241 (07/10/2016 low ). Expected to see continued upside pressures.

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

Daily Technical Report