Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	939.40	+3.00	+0.32%
WTI Crude •10 mins	69.79	+0.33	+0.48%
Gasoline •11 mins	1.953	+0.011	+0.57%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.23	+0.29	+0.40%
Natural Gas • 10 mins	3.902	+0.154	+4.11%
Heating Oil • 20 mins	2.253	+0.021	+0.94%

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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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