Commodity Prices

Gold •488 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,568.30	-13.10	-0.83%
WTI Crude •11 mins	60.85	-0.20	-0.33%
Gasoline •12 mins	1.913	-0.004	-0.19%
Ethanol •488 days	2.161	+0.000	+0.00%
Silver •488 days	30.82	+1.16	+3.92%

Silver • 488 days	30.82	+1.16	+3.92%
Copper • 488 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.66	-0.23	-0.35%
Natural Gas • 11 mins	4.241	-0.025	-0.59%
Heating Oil • 12 mins	2.402	-0.003	-0.14%

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MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Daily Technical Report

By - Aug 17, 2011, 6:38 AM CDT

Gold's bearish pattern continues to weigh, amidst extremely overbought conditions (which has exhibited major divergences across our key momentum indicators). We are watching to open a sell trade setup in anticipation of a potential correction over the multi-day/week.