Commodity Prices

Gold •10 mins	2,329.10	-9.30	-0.40%
Platinum •10 mins	911.90	-3.90	-0.43%
WTI Crude •10 mins	82.79	-0.02	-0.02%
Gasoline •59 mins	2.736	+0.002	+0.05%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •10 mins	27.21	-0.14	-0.50%

Silver • 10 mins	27.21	-0.14	-0.50%
Copper • 10 mins	4.478	-0.009	-0.20%
Brent Crude • 1 hour	88.02	-0.40	-0.45%
Natural Gas • 10 mins	1.666	+0.013	+0.79%
Heating Oil • 40 mins	2.555	+0.005	+0.21%

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EUR/USD: Bearish Breakout at 1.2748

By - Nov 12, 2012, 5:14 AM CST

EUR/USD has broken its key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). The technical configuration is negative as long as prices remain below the resistance at 1.2876 (07/11/2012 high). Hourly resistance at 1.2790 (09/11/2012 high).

The long-term trend is negative (see declining trendline linking the May 2011 high with the August 2011 high). The break of the support 1.2748 opens the way for a medium-term decline towards at least the support at 1.2431.

Daily Technical Report