Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.50	-1.00	-0.10%
WTI Crude •10 mins	70.16	+0.06	+0.09%
Gasoline •10 mins	2.050	-0.010	-0.46%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	74.23	+1.42	+1.95%
Natural Gas • 10 mins	3.410	+0.071	+2.13%
Heating Oil • 10 mins	2.273	-0.001	-0.06%

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EUR/USD - A New Test of The Support at 1.2501 is Favoured

By - Oct 23, 2014, 6:07 AM CDT

EUR/USD continues to weaken, as can be seen by the break of the hourly support at 1.2706 (see also the rising channel). A further decline towards the key support at 1.2501 is favoured. An hourly support can be found at 1.2625 (15/10/2014 low). An hourly resistance now lies at 1.2743 (intraday high).

In the longer term, EUR/USD is in a downtrend since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) has opened the way for a decline towards the strong support at 1.2043 (24/07/2012 low). As a result, the recent strength in EUR/USD is seen as a countertrend move. A key resistance stands at 1.2995 (16/09/2014 high).

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