Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,355.70	+12.70	+0.95%
WTI Crude •10 mins	64.85	-0.26	-0.40%
Gasoline •10 mins	2.064	-0.008	-0.40%
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	66.53	-0.21	-0.31%
Natural Gas • 10 mins	3.445	-0.011	-0.32%
Heating Oil • 10 mins	2.269	-0.007	-0.31%

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EUR/USD: Challanging Support Area

By - Oct 29, 2012, 6:05 AM CDT

EUR/USD continues to weaken since its 18 October high. It is now challenging the support area implied by its rising trendline and 1.2891. The hourly resistance is given by the short-term declining trendline (around 1.2970).

Even though the long-term trend is still negative (see 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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