Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,987.00	+43.30	+2.23%
WTI Crude •10 mins	93.86	-1.69	-1.77%
Gasoline •12 mins	3.136	+0.009	+0.28%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	107.70	-0.95	-0.87%
Natural Gas • 12 mins	3.116	-0.050	-1.58%
Heating Oil • 12 mins	4.380	+0.038	+0.87%

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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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