Commodity Prices

Gold •471 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,619.50	-135.60	-7.73%
WTI Crude •20 hours	57.54	+0.08	+0.14%
Gasoline •20 hours	1.838	+0.026	+1.44%
Ethanol •471 days	2.161	+0.000	+0.00%
Silver •471 days	30.82	+1.16	+3.92%

Silver • 471 days	30.82	+1.16	+3.92%
Copper • 471 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	61.29	+0.23	+0.38%
Natural Gas • 20 hours	3.008	+0.070	+2.38%
Heating Oil • 20 hours	2.180	+0.027	+1.23%

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Gold - Back Within Former Uptrend Channel

By - Nov 08, 2016, 6:27 AM CST

Gold's new leg higher is definitely on despite ongoing consolidation. Hourly resistance is given at 1308 (02/11/2016 high). Hourly support is located at 1261 (21/10/2016 high). Stronger support can be found at 1241 (07/10/2016 low). Expected to see continued consolidation.

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).

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