Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Commodity Analysis: See Friday’s weekly for analysis on gold. Near term resistance is estimate at 1420-1460 with support at the current level (channel support) and at the 2011 low of 1307.45.
Commodity Trading Strategy: Flat
LEVELS: 1226 1265 1307 1384 1427 1460