Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •7 hours	67.02	+1.81	+2.78%
Gasoline •10 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	72.87	+2.03	+2.87%
Natural Gas • 7 hours	2.859	+0.032	+1.13%
Heating Oil • 10 hours	2.636	+0.023	+0.88%

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EUR/USD: Challenging Key Support Area

By - Nov 05, 2012, 5:54 AM CST

EUR/USD declined sharply last Friday. The key support is at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). An hourly resistance is at 1.2843 (intraday high). Short-term resistance is at 1.2894 (intraday high).

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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