Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	954.70	+10.70	+1.13%
WTI Crude •10 mins	67.79	-0.91	-1.32%
Gasoline •16 mins	1.959	-0.023	-1.17%
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	71.62	-0.94	-1.30%
Natural Gas • 10 mins	2.717	-0.068	-2.44%
Heating Oil • 10 mins	2.182	-0.031	-1.39%

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EUR/USD: Declining Sharply

By - Dec 07, 2012, 5:26 AM CST

EUR/USD fell sharply yesterday after failing to break the resistance at 1.3140 (17/10/2012 high). A test of the support at 1.2875 is expected. An hourly resistance is at 1.2973 (intraday high). Another resistance is at 1.3046 (04/12/2012 low).

The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the overall overbought conditions.

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