January 13, 2014

Commodity update

COPPER: breakout above 460 does not seem to be holding as copper has closed below the low of the breakout bar. Stay out.

CRUDE OIL - breakout above 6100 has failed... trend down

GOLD is trading rangebound between 28000 and 31000... break of 28000 will lead to more downsides.

NICKEL - breakout above 135 has failed.

NATURAL GAS - trend reversal as it closes below 260. Trend is down now. Support 240 resistance 265

SILVER trend is down and will reverse on close above 46000.

NICKEL - trend is up but book profits. Support 120.

Comments and suggestions welcome

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