Commodity Prices

Gold •275 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	915.60	-41.00	-4.29%
WTI Crude •10 mins	62.28	-4.67	-6.98%
Gasoline •10 mins	2.064	-0.100	-4.63%
Ethanol •275 days	2.161	+0.000	+0.00%
Silver •275 days	30.82	+1.16	+3.92%

Silver • 275 days	30.82	+1.16	+3.92%
Copper • 275 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.92	-4.22	-6.02%
Natural Gas • 10 mins	3.835	-0.303	-7.32%
Heating Oil • 10 mins	2.090	-0.099	-4.52%

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Gold: Recovery Rally Fading

By - Apr 25, 2014, 5:27 AM CDT

Gold has breached support at 1276 (11/03/2014 low) yet staged a strong recovery rally. Failure to sustain a recovery bounce, indicates a renewed test of support at 1276. Resistance at 1301 (200 day moving average) should cap upside.

Longer term, we are skeptical of a long-term bullish reversal pattern. A move back to the previous lows at 1181 (28/06/2013 low) is eventually favored. A major resistance stands at 1434 (30/08/2013 high).

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