Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,695.80	+30.10	+1.81%
WTI Crude •11 mins	85.56	-2.15	-2.45%
Gasoline •11 mins	3.051	-0.050	-1.62%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.30	-2.08	-2.30%
Natural Gas • 11 mins	3.128	+0.041	+1.33%
Heating Oil • 11 mins	3.424	-0.090	-2.55%

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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