Commodity Prices

Gold •433 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,386.00	+13.90	+1.01%
WTI Crude •11 mins	63.28	+0.65	+1.04%
Gasoline •12 mins	2.005	+0.012	+0.60%
Ethanol •433 days	2.161	+0.000	+0.00%
Silver •433 days	30.82	+1.16	+3.92%

Silver • 433 days	30.82	+1.16	+3.92%
Copper • 433 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.04	+0.65	+0.98%
Natural Gas • 11 mins	3.096	-0.021	-0.67%
Heating Oil • 12 mins	2.336	+0.016	+0.69%

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EUR/USD: Bearish Breakout at 1.3462

By - Nov 08, 2013, 5:17 AM CST

EUR/USD has broken the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement), confirming that a significant top at 1.3832 has likely been made. However, yesterday's reversal suggests persistent shortterm buying interest, suggesting that a shortterm bearish flag formation is unlikely. The shortterm technical structure is negative as long as prices remain below the resistance at 1.3548. An initial resistance lies at 1.3449 (05/11/2013 low). A support is at 1.3296 (intraday low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) confirms the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.

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