Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,362.30	+19.30	+1.44%
WTI Crude •10 mins	64.78	-0.33	-0.51%
Gasoline •11 mins	2.063	-0.010	-0.46%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.44	-0.30	-0.45%
Natural Gas • 10 mins	3.460	+0.004	+0.12%
Heating Oil • 11 mins	2.266	-0.010	-0.46%

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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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