OSB Daily Technical Analysis for October 14, 2014

Gold Positive day for Gold which managed to climb above the 20 DMA and make a high at $1237. Gold is likely to test $1240 resistance level. A close above this area is likely to extend to $1250-55.

Silver climbed above the $17.50 mark on Monday on an intraday basis signalling a likely up swing towards the $18.00 level. Bearishness remains with consolidation and sideways action likely to continue before Silver finds new direction.

Copper continues to fight it out at the $300 level as it bulls try to distance the red metal away from this key area. Consolidation in progress with upswing likely to continue as Copper looks for further direction.

Crude Oil remains bearish and sold off on Monday with bears pushing Crude to a low of $83.30. Crude currently consolidating in the range of $84-$86. Neutral for now with a bearish bias in the medium term.

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