Commodity Prices

Gold •298 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	998.80	+25.90	+2.66%
WTI Crude •10 mins	62.93	-0.09	-0.14%
Gasoline •10 mins	2.128	+0.009	+0.42%
Ethanol •298 days	2.161	+0.000	+0.00%
Silver •298 days	30.82	+1.16	+3.92%

Silver • 298 days	30.82	+1.16	+3.92%
Copper • 298 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.72	-0.15	-0.22%
Natural Gas • 15 mins	3.022	+0.085	+2.89%
Heating Oil • 12 mins	2.193	+0.025	+1.17%

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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