Commodity Prices

Gold •14 mins	2,106.30	+16.60	+0.79%
Platinum •14 mins	939.00	+2.90	+0.31%
WTI Crude •10 mins	73.75	-0.32	-0.43%
Gasoline •11 mins	2.107	-0.014	-0.66%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •14 mins	25.88	+0.02	+0.09%

Silver • 14 mins	25.88	+0.02	+0.09%
Copper • 14 mins	3.893	-0.039	-0.98%
Brent Crude • 10 mins	78.48	-0.40	-0.51%
Natural Gas • 10 mins	2.717	-0.097	-3.45%
Heating Oil • 13 mins	2.658	-0.004	-0.15%

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EUR/USD - Sharp Reversal

By - Dec 04, 2015, 5:48 AM CST

EUR/USD has spiked below 1.1000 and has erased the downtrend channel. Hourly support lies at 1.0566 (intraday low). Hourly resistance can be found at 1.1096 (28/10/2015 high). Expected to show further consolidation.

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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