Commodity Prices

Gold •795 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,826.00	-8.00	-0.44%
WTI Crude •1 day	91.48	+0.18	+0.20%
Gasoline •1 day	3.215	+0.080	+2.54%
Ethanol •795 days	2.161	+0.000	+0.00%
Silver •795 days	30.82	+1.16	+3.92%

Silver • 795 days	30.82	+1.16	+3.92%
Copper • 795 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	96.28	+0.76	+0.80%
Natural Gas • 1 day	2.975	+0.062	+2.13%
Heating Oil • 1 day	4.540	-0.053	-1.16%

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Daily Technical Report

By - Nov 15, 2011, 5:30 AM CST

Gold: Positive for the short-term.

Gold remains fragile 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.

However, short-term price activity is building constructively higher around key level at 1760. A sustained move above here would open moves into 1844.

Speculative (net long) flows remain a concern having recently breached a key downside level which may threaten over 2 years of sizeable long gold positions.

Daily Technical Report