Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.50	+8.80	+0.65%
WTI Crude •1 hour	64.01	-0.59	-0.91%
Gasoline •4 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	68.12	-0.50	-0.73%
Natural Gas • 1 hour	2.997	+0.053	+1.80%
Heating Oil • 4 hours	2.267	-0.043	-1.87%

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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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