Commodity Prices

Gold •668 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,011.90	+17.30	+0.87%
WTI Crude •23 hours	101.94	-3.13	-2.98%
Gasoline •23 hours	3.595	-0.020	-0.55%
Ethanol •668 days	2.161	+0.000	+0.00%
Silver •668 days	30.82	+1.16	+3.92%

Silver • 668 days	30.82	+1.16	+3.92%
Copper • 668 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	108.17	-2.23	-2.02%
Natural Gas • 23 hours	2.780	+0.013	+0.47%
Heating Oil • 23 hours	3.946	-0.135	-3.30%

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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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