Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	956.20	-39.00	-3.92%
WTI Crude •10 mins	66.69	-5.02	-7.00%
Gasoline •10 mins	2.160	-0.171	-7.33%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.08	-4.87	-6.50%
Natural Gas • 10 mins	4.162	+0.107	+2.64%
Heating Oil • 10 mins	2.180	-0.142	-6.11%

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Daily Technical Report

By - Oct 27, 2011, 5:39 AM CDT

Gold remains bearish after its dramatic 20% price fall, which helped confirm the extreme overbought conditions (marked by DeMark indicators). This also timed a key cycle peak, ahead of that all-important $2000 glass-ceiling.

Most concerning is that speculative (net long) flows have recently breached a key downside level which may threaten over 2 years of sizeable long gold positions.