Commodity Prices

Gold •502 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,555.70	-9.50	-0.61%
WTI Crude •50 mins	59.91	-0.18	-0.30%
Gasoline •50 mins	1.990	-0.022	-1.07%
Ethanol •502 days	2.161	+0.000	+0.00%
Silver •502 days	30.82	+1.16	+3.92%

Silver • 502 days	30.82	+1.16	+3.92%
Copper • 502 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	64.03	-0.36	-0.56%
Natural Gas • 50 mins	4.361	-0.205	-4.49%
Heating Oil • 50 mins	2.547	+0.016	+0.63%

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EUR/USD - Riding Downtrend Channel

By - Nov 26, 2015, 6:46 AM CST

EUR/USD is consolidating around 1.0600 and remains in a downtrend channel. The technical structure is clearly negative. Hourly support at 1.0591 (23/11/2015 low) has been broken. New hourly support lies at 1.0566 (intraday low). Hourly resistance can be found at 1.0763 (19/11/2015 high). Stronger resistance stands at 1.0897 (05/11/2015 high). Expected to show continued weakness.

In the longer term, the technical structure favours a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deteriorations favours a gradual decline towards the support at 1.0504 (21/03/2003 low).

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