Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	950.60	+6.60	+0.70%
WTI Crude •10 mins	67.75	-0.95	-1.38%
Gasoline •12 mins	1.957	-0.025	-1.27%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.56	-1.00	-1.38%
Natural Gas • 11 mins	2.722	-0.063	-2.26%
Heating Oil • 10 mins	2.180	-0.033	-1.47%

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EUR/USD: Sliding

By - Nov 13, 2012, 5:14 AM CST

EUR/USD has broken its key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). The technical configuration is negative as long as prices remain below the resistance at 1.2876 (07/11/2012 high). Hourly resistance at 1.2790 (09/11/2012 high). Support can be found at 1.2626 (07/09/2012 low).

The long-term trend is negative (see declining trendline linking the May 2011 high with the August 2011 high). The break of the support 1.2748 opens the way for a medium-term decline towards at least the support at 1.2431.

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