Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,364.50	+16.50	+1.22%
WTI Crude •20 mins	64.60	+0.45	+0.70%
Gasoline •20 mins	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 56 mins	68.33	+0.28	+0.41%
Natural Gas • 20 mins	2.944	+0.058	+2.01%
Heating Oil • 24 mins	2.310	+0.015	+0.63%

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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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