Commodity Prices

Gold •477 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,593.30	-3.40	-0.21%
WTI Crude •11 mins	61.56	-0.23	-0.37%
Gasoline •22 mins	1.926	-0.001	-0.06%
Ethanol •477 days	2.161	+0.000	+0.00%
Silver •477 days	30.82	+1.16	+3.92%

Silver • 477 days	30.82	+1.16	+3.92%
Copper • 477 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.77	-0.22	-0.33%
Natural Gas • 12 mins	3.299	-0.045	-1.35%
Heating Oil • 16 mins	2.383	-0.020	-0.83%

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EUR/USD: Fading Close To Its Key Resistance Area

By - Mar 05, 2014, 5:57 AM CST

EUR/USD is showing signs of weakness near its key resistance area between 1.3832 (25/10/2013 high, see also the long-term declining trendline) and 1.3893. Hourly supports can be found at 1.3694 (28/02/2014 low) and 1.3643.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). However, monitor the potential ascending triangle formation. Another strong resistance lies at 1.4247 (27/10/2011 high).

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