Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,409.70	+2.60	+0.18%
WTI Crude •10 mins	66.11	-0.39	-0.59%
Gasoline •13 mins	2.107	-0.010	-0.48%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.92	-0.38	-0.56%
Natural Gas • 10 mins	3.339	-0.048	-1.42%
Heating Oil • 10 mins	2.401	-0.008	-0.33%

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EUR/USD - Bearish Momentum Starts To Fade

By - Oct 19, 2016, 7:00 AM CDT

EUR/USD still lies within a bearish momentum despite ongoing retracement. Hourly support given at 1.0952 (25/07/2016 low) is on target. Hourly resistance can be found at 1.1058 (13/10/2016 high). Key resistance is located far away at 1.1352 (18/08/2016 high). Further consolidation is favoured.

In the longer term, the technical structure favours a very long-term bearish bias as long as resistance at 1.1714 (24/08/2015 high) holds. The pair is trading in range since the start of 2015. Strong support is given at 1.0458 (16/03/2015 low). However, the current technical structure since last December implies a gradual increase.

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