Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,970.50	+26.80	+1.38%
WTI Crude •8 hours	98.23	+2.68	+2.80%
Gasoline •8 hours	3.286	+0.159	+5.09%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	112.19	+3.54	+3.26%
Natural Gas • 8 hours	3.095	-0.071	-2.24%
Heating Oil • 8 hours	4.608	+0.266	+6.14%

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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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