OSB Daily Technical Analysis for October 7, 2014

Gold rallied back above $1200 after making a low of 1183 intraday. Significant support appears at the $1190 and at $1200. Pair likely to grind it out at this level. Bearish.

Silver Positive day for Silver which bounced back above $17.00 on Monday. A test of resistance above in the $17.50-80 area likely. Overall Silver remains bearish and is likely to consolidate at these levels as it looks for further direction.

Copper (Comex) Copper push above the $300 level on Monday. Price remains at a key area and is not likely to give way without some push back. Overall bearish bias remains.

Crude Oil Positive day for Crude on Monday finding resistance at $90.75. Range bound action likely in the next several sessions. Resistance above at $91.50-$92.00. Overall bearish but with limited downside momentum for now.

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