It seems as though the commodity sector is headed lower, say analysts at Triland Metals. “Inventories have given crude another lift today and that seems to be helping the precious bid but it still feels as though the commodity sector is awaiting another flush out,” they say. “Gold seems to be gravitating towards $1200 again […] and there appears to be some neckline resistance at $1198 from a short term head and shoulders formation,” they add.
