OSB Daily Technical Analysis for October 28, 2014

Gold sold off on Monday but managed to remain above the key $1220 mark. The metal is at a key juncture and possible close below indicates where Gold might be heading next. A close above the 20 DMA at $1230 suggests a possible upswing to the $1240 resistance area. Bearish.

Silver edged lower and remains within its very tight trading range. Sliver trading is currently very light and essentially non directional. Neutral to bearish.

Copper (Comex) tried to rally on Monday and managed to close at $305.55. Copper upside momentum appears to be building up after developing a base at $300.00 Bearish.

Crude Oil dipped below $80 during intraday trading but managed to close back above for the day. Crude Oil support at this level appears to be solid. Resistance above at $81.50.

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