OSB Daily Technical Analysis for September 24, 2014

Gold bounce and attempt to rally towards $1240 resistance on Tuesday. Gold appears to have formed strong support at the $1215 area and is likely to consolidate at these levels. Bearish

Silver attempt to get back above the $18.00 area fell shy of a penny. Positive day and action suggest some consolidation and range bound action. Likely retest of resistance at the $18.00 level.

Copper (Comex) Copper continues to flirt with the $300.00 level and moved closer on Tuesday. A bounce at this key support area is likely but ultimately copper is very much bearish.

Crude dip towards $90.50 support area brought buyers to the market to bid price back above the $91.50 level. Crude likely to consolidate within the $90.50-$93.50 range for now prior to finding new direction. Neutral.

Natural Gas Push towards 20DMA faltered for Natural Gas finding support close to the $3.85 level. Consolidation and more sideways action likely. Neutral.

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