Commodity Prices

Gold •20 mins	2,413.80	+15.80	+0.66%
Platinum •20 mins	943.80	-10.70	-1.12%
WTI Crude •18 hours	83.14	+0.41	+0.50%
Gasoline •18 hours	2.710	-0.003	-0.13%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.84	+0.46	+1.63%

Silver • 20 mins	28.84	+0.46	+1.63%
Copper • 20 mins	4.498	+0.061	+1.37%
Brent Crude • 17 hours	87.29	+0.18	+0.21%
Natural Gas • 18 hours	1.752	-0.005	-0.28%
Heating Oil • 18 hours	2.541	+0.007	+0.29%

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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