By Mohammed Isah of fxtechstrategy.com

Gold continues to retain its bullish bias despite its weakness on Wednesday, suggesting that it could retarget the 1,133.18 and 1,141.88 levels.

On any pullbacks, the 1,098.23 level will come in as support.

Although crude oil is trading slightly below its Wednesday high at 83.31, it continues to maintain its bullish outlook as it looks to retarget the 83.31 level and head even higher, toward 83.93 and then 85.00.

Silver should target the 17.62 level as the metal continues to maintain the bullish tone set from 14.63. If 17.62 is broken, there is scope for additional moves toward 18.87 and then 19.45.

Wheat's Wednesday strength is currently being met with a reversal, suggesting more downside pressure could shape up toward the 475 level and possibly lower.

Corn is also seen giving back most of its Wednesday gains in today's trading, increasing the risk of a decline toward 361 and then 340.

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market for the past seven years. He formerly traded stocks before crossing over to the forex market, where he worked for FXInstructor LLC as a technical analyst and head of research before joining FXTechstrategy.com. He has written extensively on the forex market and technical analysis and his articles have been featured in The Technical Analyst Magazine, The Forex Journal Magazine, The International Business Times and FXstreet.com. At FXTechstrategy.com, he writes daily, weekly and long-term technical commentaries on currencies and commodities, which are offered to its clients. He also produces The Professional Suite for his subscribers. He provides full coverage of the forex market with specific focus on G10 currencies as well as the commodities markets, with focus on five key commodities.

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