Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	944.70	+0.70	+0.07%
WTI Crude •10 mins	67.99	-0.71	-1.03%
Gasoline •15 mins	1.959	-0.022	-1.13%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.80	-0.76	-1.05%
Natural Gas • 10 mins	2.719	-0.066	-2.37%
Heating Oil • 11 mins	2.191	-0.022	-0.97%

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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