Commodity Prices

Gold •714 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,716.00	-76.90	-4.29%
WTI Crude •11 mins	74.83	-1.96	-2.55%
Gasoline •13 mins	2.876	-0.034	-1.17%
Ethanol •714 days	2.161	+0.000	+0.00%
Silver •714 days	30.82	+1.16	+3.92%

Silver • 714 days	30.82	+1.16	+3.92%
Copper • 714 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	77.79	-1.76	-2.21%
Natural Gas • 11 mins	3.151	+0.006	+0.19%
Heating Oil • 11 mins	3.100	-0.095	-2.97%

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AUD/USD - Short-Term Bullish Consolidation

By - Nov 25, 2016, 7:36 AM CST

AUD/USD is consolidating higher and the pair is back around the 50% Fibonacci retracement. Hourly support is now given at 0.7311 (21/07/2016 low). Stronger support is given at 0.7145 (24/05/2016 low). Expected to see further weakness.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

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