Commodity Prices

Gold •14 mins	2,338.40	-3.70	-0.16%
Platinum •14 mins	915.80	-7.00	-0.76%
WTI Crude •1 hour	82.81	-0.55	-0.66%
Gasoline •1 hour	2.734	+0.009	+0.33%
Ethanol •26 mins	2.161	+0.000	+0.00%
Silver •14 mins	27.35	-0.02	-0.06%

Silver • 14 mins	27.35	-0.02	-0.06%
Copper • 14 mins	4.487	+0.027	+0.59%
Brent Crude • 10 mins	88.08	-0.34	-0.38%
Natural Gas • 1 hour	1.653	-0.159	-8.77%
Heating Oil • 1 hour	2.550	-0.029	-1.14%

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EUR/USD: Sliding

By - Nov 13, 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). Support can be found at 1.2626 (07/09/2012 low).

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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