Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •12 hours	101.94	-3.13	-2.98%
Gasoline •12 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	108.17	-2.23	-2.02%
Natural Gas • 12 hours	2.780	+0.013	+0.47%
Heating Oil • 12 hours	3.946	-0.135	-3.30%

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EUR/USD: Support Area Broken

By - Oct 24, 2012, 5:07 AM CDT

EUR/USD declined yesterday and broke the support area between 1.3016 (intraday low) and 1.2991 (09/10/2012 high), forcing us to stop our strategy. A break of the hourly resistance at 1.2997 (intraday high) is needed to negate the current selling pressure.

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), we need to see a break of the support area between 1.2804 (01/10/2012 low) and 1.2748 to suggest that the rise from 1.2043 is over.

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