Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	942.00	+5.60	+0.60%
WTI Crude •11 mins	69.82	+0.36	+0.52%
Gasoline •16 mins	1.953	+0.012	+0.61%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.25	+0.31	+0.43%
Natural Gas • 10 mins	3.916	+0.168	+4.48%
Heating Oil • 17 mins	2.253	+0.022	+0.96%

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Gold: Challenging Its Declining Channel

By - Nov 26, 2013, 6:27 AM CST

Gold is challenging its declining channel. The hourly resistance at 1251 has been broken. Monitor the other horizontal resistance at 1269 (19/11/2013 low). An initial support now lies at 1226 (25/11/2013 low).

In the longer term, we continue to view the rise from 1181 (28/06/2013 low) as a counter-trend move within an underlying bearish trend. Therefore we favour a minimum move towards the key support at 1181. A key resistance stands at 1434 (28/08/2013 high).

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