Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,373.50	+133.90	+5.98%
WTI Crude •5 hours	67.02	+1.81	+2.78%
Gasoline •8 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	72.87	+2.03	+2.87%
Natural Gas • 5 hours	2.859	+0.032	+1.13%
Heating Oil • 8 hours	2.636	+0.023	+0.88%

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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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