Commodity Prices

Gold •484 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,615.50	+1.20	+0.07%
WTI Crude •11 mins	60.30	-0.27	-0.45%
Gasoline •5 hours	1.977	-0.026	-1.31%
Ethanol •484 days	2.161	+0.000	+0.00%
Silver •484 days	30.82	+1.16	+3.92%

Silver • 484 days	30.82	+1.16	+3.92%
Copper • 484 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.80	-0.20	-0.31%
Natural Gas • 11 mins	4.073	+0.117	+2.96%
Heating Oil • 2 hours	2.417	-0.044	-1.77%

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Gold: Making New Lows

By - Sep 18, 2013, 5:35 AM CDT

Gold has broken the key support at 1352 (see also the rising channel), invalidating the rising trend in place since 28 June. The support at 1305 has been breached, favouring a move towards the support at 1268. A resistance is at 1336. Another resistance stands at 1358 (10/09/2013 low).

The decisive break below the support at 1352 indicates an increasing selling pressure and favours the start of a medium-term corrective phase. Key supports are at 1268 and 1181.

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