Commodity Prices

Gold •309 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	987.80	+8.30	+0.85%
WTI Crude •10 mins	60.73	+0.82	+1.37%
Gasoline •10 mins	2.101	+0.015	+0.74%
Ethanol •309 days	2.161	+0.000	+0.00%
Silver •309 days	30.82	+1.16	+3.92%

Silver • 309 days	30.82	+1.16	+3.92%
Copper • 309 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.64	+0.80	+1.27%
Natural Gas • 10 mins	3.654	+0.062	+1.73%
Heating Oil • 11 mins	2.061	+0.021	+1.04%

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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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