Commodity Prices

Gold •650 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,124.10	+23.40	+1.11%
WTI Crude •11 mins	91.04	-0.24	-0.26%
Gasoline •11 mins	3.034	-0.005	-0.18%
Ethanol •650 days	2.161	+0.000	+0.00%
Silver •650 days	30.82	+1.16	+3.92%

Silver • 650 days	30.82	+1.16	+3.92%
Copper • 650 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.96	+0.17	+0.18%
Natural Gas • 11 mins	2.590	-0.009	-0.35%
Heating Oil • 11 mins	3.655	+0.031	+0.85%

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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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