Commodity Prices

Gold •663 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,966.50	-31.10	-1.56%
WTI Crude •11 mins	98.70	+2.33	+2.42%
Gasoline •44 mins	3.523	+0.032	+0.91%
Ethanol •663 days	2.161	+0.000	+0.00%
Silver •663 days	30.82	+1.16	+3.92%

Silver • 663 days	30.82	+1.16	+3.92%
Copper • 663 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.32	+3.09	+2.86%
Natural Gas • 42 mins	2.520	-0.030	-1.18%
Heating Oil • 1 hour	4.002	+0.028	+0.69%

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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