Commodity Prices

Gold •751 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,604.10	-4.70	-0.29%
WTI Crude •10 hours	89.31	-2.88	-3.12%
Gasoline •10 hours	3.396	-0.101	-2.87%
Ethanol •751 days	2.161	+0.000	+0.00%
Silver •751 days	30.82	+1.16	+3.92%

Silver • 751 days	30.82	+1.16	+3.92%
Copper • 751 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	96.78	-3.91	-3.88%
Natural Gas • 10 hours	2.871	-0.045	-1.54%
Heating Oil • 10 hours	4.181	-0.161	-3.71%

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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