Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	966.40	-4.10	-0.42%
WTI Crude •10 mins	69.60	-0.50	-0.71%
Gasoline •10 mins	2.041	-0.018	-0.89%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.76	-0.47	-0.63%
Natural Gas • 10 mins	3.320	-0.019	-0.57%
Heating Oil • 17 mins	2.254	-0.020	-0.88%

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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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