Prior was -1.1% (revised to -1.4%)
- retail sales ex auto -1.4% vs. -0.2% estimate
- retail sales ex auto and gas -2.1% vs. -0.3% estimate
- retail sales control group -1.9% vs. +0.1% estimate
This is a poor report and the November numbers were revised significantly lower as well.
- November retail sales ex auto revised to -1.3% from -1.1%
- November retail sales ex auto and gas revised to -1.3% from -0.8%
- November retail sales control group revised to -1.1% from -0.5%
So much for that strong Target same-store sales report.
Further Development
Analyzing the current trading chart of Gold, I found that there is symmetrical triangle in creation and I would watch for the brreakout to confirm further direction....
The breakout of the support at the price of $1,836 will confirm test of $1,819
The breakout of resistance at the price of $1,862 will confirm the test of $1,899.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural Gas and Coffee today and on the bottom Platinum and Sugar.
