Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,413.10	-4.90	-0.35%
WTI Crude •1 hour	66.52	-0.46	-0.69%
Gasoline •1 hour	2.170	+0.004	+0.19%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 17 mins	68.86	-0.35	-0.51%
Natural Gas • 1 hour	3.523	+0.057	+1.64%
Heating Oil • 1 hour	2.405	+0.015	+0.64%

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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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