Commodity Prices

Gold •263 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	982.20	+3.80	+0.39%
WTI Crude •10 mins	68.43	+0.15	+0.22%
Gasoline •22 mins	2.190	-0.006	-0.25%
Ethanol •263 days	2.161	+0.000	+0.00%
Silver •263 days	30.82	+1.16	+3.92%

Silver • 263 days	30.82	+1.16	+3.92%
Copper • 263 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.27	+0.11	+0.15%
Natural Gas • 11 mins	3.962	-0.018	-0.45%
Heating Oil • 10 mins	2.256	+0.006	+0.27%

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Gold: Strong Support Anticipated Near 1180.50

By - Dec 16, 2013, 5:47 AM CST

Gold is approaching its key low at 1180.50 (28/06/2013). Strong support is anticipated close to this key level for a short-term recovery higher. However, failure to hold over this current annual low would instead open up scope for a substantial extension lower.

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 first key resistance is given by the medium-term declining channel (around 1318).

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