Commodity Prices

Gold •503 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,545.50	-10.20	-0.66%
WTI Crude •11 mins	59.94	+0.03	+0.05%
Gasoline •11 mins	1.977	-0.014	-0.68%
Ethanol •503 days	2.161	+0.000	+0.00%
Silver •503 days	30.82	+1.16	+3.92%

Silver • 503 days	30.82	+1.16	+3.92%
Copper • 503 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.03	-0.17	-0.26%
Natural Gas • 11 mins	4.277	-0.084	-1.93%
Heating Oil • 11 mins	2.662	+0.115	+4.50%

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EUR/USD - Declining Towards its Recent Lows

By - Dec 18, 2014, 4:56 AM CST

EUR/USD has declined sharply near the resistance area between 1.2577 (04/11/2014 high) and 1.2600, indicating renewed selling pressures. A support stands at 1.2247. Hourly resistances can now be found at 1.2373 (intraday high) and 1.2423 (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) 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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