Commodity Prices

Gold •504 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,553.10	-3.70	-0.24%
WTI Crude •11 mins	59.30	+0.05	+0.08%
Gasoline •12 mins	1.930	-0.002	-0.11%
Ethanol •504 days	2.161	+0.000	+0.00%
Silver •504 days	30.82	+1.16	+3.92%

Silver • 504 days	30.82	+1.16	+3.92%
Copper • 504 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.58	+0.07	+0.11%
Natural Gas • 11 mins	4.524	-0.026	-0.57%
Heating Oil • 13 mins	2.657	+0.021	+0.80%

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Daily Technical Report

By - Nov 23, 2011, 6:00 AM CST

AUD/USD:Exited Short position. All 3 objectives met. AUD/USD is extending its decline, having recently broken through the 1.0000 psychological level.

The sustained move below 1.0000 is now compounding downside pressure on the rate's multi-year uptrend and push back towards 0.9611.

Elsewhere, the Aussie dollar remains strong against the New Zealand dollar. The pair is now is within a temporary positive cycle structure while it holds above its 200-day MA.

The Aussie dollar has reversed gains against the Japanese yen and is now trading back below the long-term 200-day MA which is currently at 82.80. Watch for further downside scope into 72.00 which would signal further unwinding of risk appetite.

Daily Technical Report