Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	940.10	+3.70	+0.40%
WTI Crude •10 mins	69.77	+0.31	+0.45%
Gasoline •12 mins	1.951	+0.009	+0.47%
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 • 10 mins	73.21	+0.27	+0.37%
Natural Gas • 10 mins	3.869	+0.121	+3.23%
Heating Oil • 37 mins	2.253	+0.022	+0.97%

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Gold: Making New Lows

By - Dec 03, 2013, 5:57 AM CST

Gold has broken its support at 1226, making fresh new lows and confirming an underlying bearish trend. Hourly resistances stand at 1240 (intraday high) and 1258 (26/11/2013 high). A support now lies at 1209.

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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