Commodity Prices

Gold •803 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,777.30	-2.50	-0.14%
WTI Crude •10 mins	103.21	+1.82	+1.80%
Gasoline •11 mins	3.379	+0.062	+1.88%
Ethanol •803 days	2.161	+0.000	+0.00%
Silver •803 days	30.82	+1.16	+3.92%

Silver • 803 days	30.82	+1.16	+3.92%
Copper • 803 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.35	+1.67	+1.58%
Natural Gas • 12 mins	2.882	-0.014	-0.48%
Heating Oil • 16 mins	5.045	+0.083	+1.68%

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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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