Gold and Natural Gas Bucking Negative Commodity Asset Trend (SIA)

In this weeks edition of the SIA Equity Leaders Weekly we are going to take a look at two Commodities that have been bucking some of the negativity surrounding the Commodity Asset Class and as such are areas of interest for those seeking commodity trades within sensitive stocks or the commodity directly.
Gold Continuous Contract (GC.F)
The first chart we are going to look at is the Gold Bullion chart. Although gold has not advanced above its highs from September of 2011, it has managed to escape the downside that other metals have seen in the last year.

The chart shows us that Gold has consolidated since pulling back in October of 2011 and currently remains in the middle of a range between $1,523.55 on the bottom and $1,820.78 on the top. Should bullion find its way above resistance the next major test will be in the $2,000 range. To the downside a close below support sees room to the $1,400 range.

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