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![\"Gold](\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/04\/gold-9th-April.png\")
\nResistance levels: $1317; $1321; $1334
\nSupport levels: $1306.6; $1300; $1294<\/p>\n
Commodities climb higher as the USD weakens following the FOCM Minutes, maintaining the bullish trends set earlier this week.<\/p>\n
Gold crosses above $1306.60 pivot<\/b><\/p>\n
After an intraday double top around $1314 and a dip below the small pivot zone at $1306.60, Gold proceeded to test the major handle at $1300 and reversed in this area. The configuration of the trend is bullish, with higher highs and higher lows; consequently a rally above $1314 is expected next.
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\nResistance levels: $1317; $1321; $1334
\nSupport levels: $1306.6; $1300; $1294<\/p>\n
Silver rebounds from $19.60 support<\/b><\/p>\n
After a slow bullish consolidation that ended around $21.21, Silver couldn\u2019t cross above 100 Simple Moving Average (on both Daily and 4H timeframes). Today the pair fell towards the original support and bounced several cents away from it, at $19.60. A strong close above $19.90-$20.00 area leads to the formation of a bullish Pin bar price action pattern on the Daily chart, which suggests more bullish action come tomorrow, if $20.21 fails to act as resistance again.<\/p>\n
![\"Silver](\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/04\/Silver-9th-april.png\")
<\/p>\n
Resistance levels: $20.02 (green line – 100 Moving Average); $20.21; $20.59.
\nSupport levels: $19.56; $19.11; $18.64<\/p>\n
Crude Oil heads towards $105.00 – $105.20<\/b><\/p>\n
Sweet Crude Oil Futures for delivery in May broke outside the triangle chart pattern yesterday around $101.30. Within hours price was already stable above the previous high at $102.21. The rally continued today without any corrections. Current daily high is $103.74. Before price heads towards $105 – $105.20 resistance, a re-test of the previous support at $102.21 is not excluded, with the level turning into support this time.<\/p>\n
![\"Crude](\"http:\/\/capitaltrustmarkets.com\/wp-content\/uploads\/2014\/04\/Crude-Oil-9th-April.png\")
<\/p>\n
Resistance levels: $104.15, $105.00; $105.20.
\nSupport levels: $102.21; $100.18, $98.85.<\/p>\n
********* <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Commodities climb higher as the USD weakens following the FOCM Minutes, maintaining the bullish trends set earlier this week. Gold crosses above $1306.60 pivot After an intraday double top around $1314 and a dip below the small pivot zone at $1306.60, Gold proceeded to test the major handle at $1300 and reversed in this area. … <\/p>\n
\nPrepared by Alexandru Z., Chief Currency Strategist at <\/i>Capital Trust Markets<\/i><\/a><\/p>\n