Commodity Prices

Gold •770 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,773.50	+4.20	+0.24%
WTI Crude •11 mins	82.26	-1.01	-1.21%
Gasoline •16 mins	3.132	-0.022	-0.69%
Ethanol •770 days	2.161	+0.000	+0.00%
Silver •770 days	30.82	+1.16	+3.92%

Silver • 770 days	30.82	+1.16	+3.92%
Copper • 770 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.04	-0.94	-1.06%
Natural Gas • 11 mins	2.789	-0.015	-0.53%
Heating Oil • 16 mins	4.265	-0.040	-0.92%

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Daily Technical Report

By - May 18, 2011, 5:59 AM CDT

Silver appears to have entered a consolidation phase after finding support at 32.3125 last week. Given the structure of the fall from 49.790 we anticipate further deterioration of the parabolic upside move which gained 90% this year.