Commodity Prices

Gold •529 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,789.30	+26.80	+1.52%
WTI Crude •11 mins	57.75	+0.31	+0.54%
Gasoline •29 mins	1.761	+0.009	+0.49%
Ethanol •529 days	2.161	+0.000	+0.00%
Silver •529 days	30.82	+1.16	+3.92%

Silver • 529 days	30.82	+1.16	+3.92%
Copper • 529 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	61.45	+0.33	+0.54%
Natural Gas • 11 mins	4.192	+0.079	+1.92%
Heating Oil • 17 mins	2.214	+0.016	+0.75%

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EUR/USD - Hits Two-Year Low

By - Dec 22, 2014, 5:46 AM CST

EUR/USD has declined further to its support at 1.2247. Hourly resistances for a temporary recovery bounce can be found at 1.2375 (intraday high, previous support) and 1.2423 (19/12/2014 high, see also the 50% retracement).

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). As a result, the recent low at 1.2247 is expected to be eventually broken. A key resistance stands at 1.2600 (19/11/2014 high).

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