Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,962.20	+22.50	+1.16%
WTI Crude •11 mins	91.62	-4.98	-5.16%
Gasoline •13 mins	3.317	-0.137	-3.95%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.02	+1.88	+1.96%
Natural Gas • 14 mins	2.939	+0.032	+1.10%
Heating Oil • 23 mins	3.772	-0.116	-2.97%

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EUR/USD: Grinding Higher

By - Nov 29, 2013, 5:25 AM CST

EUR/USD's rise is still viewed as a short-term rebound and is now close to the resistance area defined by the 61.8% retracement at 1.3627 and 1.3651 (21/10/2013 low). An initial support lies at 1.3558 (27/11/2013 low). Other supports are at 1.3490 (25/11/2013 low, see also the rising trendline) and 1.3400 (21/11/2013 low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) suggests that a significant top at 1.3832 has been made and favours 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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