Commodity Prices

Gold •354 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,266.20	+1.70	+0.13%
WTI Crude •10 mins	74.48	+0.64	+0.87%
Gasoline •15 mins	2.344	+0.014	+0.60%
Ethanol •354 days	2.161	+0.000	+0.00%
Silver •354 days	30.82	+1.16	+3.92%

Silver • 354 days	30.82	+1.16	+3.92%
Copper • 354 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	77.67	+0.66	+0.86%
Natural Gas • 10 mins	3.891	+0.044	+1.14%
Heating Oil • 12 mins	2.563	+0.021	+0.81%

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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.

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