Commodity Prices

Gold •310 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,001.60	+22.10	+2.26%
WTI Crude •3 hours	61.02	+1.11	+1.85%
Gasoline •3 hours	2.108	+0.023	+1.10%
Ethanol •310 days	2.161	+0.000	+0.00%
Silver •310 days	30.82	+1.16	+3.92%

Silver • 310 days	30.82	+1.16	+3.92%
Copper • 310 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	63.91	+1.07	+1.70%
Natural Gas • 3 hours	3.795	+0.203	+5.65%
Heating Oil • 3 hours	2.066	+0.026	+1.29%

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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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