Commodity Prices

Gold •169 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	923.50	-11.10	-1.19%
WTI Crude •4 hours	69.91	-0.67	-0.95%
Gasoline •10 mins	1.917	-0.006	-0.30%
Ethanol •169 days	2.161	+0.000	+0.00%
Silver •169 days	30.82	+1.16	+3.92%

Silver • 169 days	30.82	+1.16	+3.92%
Copper • 169 days	4.530	+0.111	+2.51%
Brent Crude • 32 mins	72.67	-0.72	-0.98%
Natural Gas • 10 mins	3.629	+0.045	+1.26%
Heating Oil • 10 mins	2.232	-0.006	-0.28%

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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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