Commodity Prices

Gold •627 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,930.90	-39.60	-2.01%
WTI Crude •11 mins	98.07	-0.16	-0.16%
Gasoline •11 mins	3.317	+0.030	+0.92%
Ethanol •627 days	2.161	+0.000	+0.00%
Silver •627 days	30.82	+1.16	+3.92%

Silver • 627 days	30.82	+1.16	+3.92%
Copper • 627 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.47	-0.72	-0.64%
Natural Gas • 11 mins	3.041	-0.054	-1.74%
Heating Oil • 12 mins	4.614	+0.006	+0.13%

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EUR/USD - Persistent Selling Pressures in Place

By - Dec 08, 2014, 5:30 AM CST

EUR/USD has made new lows, confirming persistent short-term selling pressures. Hourly supports lies at 1.2352 (intraday low) and 1.2280. Hourly resistances for a short-term countertrend move can now be found at 1.2303 and 1.2452 (see also the declining trendline).

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) calls for a decline towards the strong support at 1.2043 (24/07/2012 low). A key resistance stands at 1.2600 (19/11/2014 high).

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