Commodity Prices

Gold •15 mins	2,337.30	-1.10	-0.05%
Platinum •15 mins	918.10	+2.30	+0.25%
WTI Crude •10 mins	83.16	+0.35	+0.42%
Gasoline •11 mins	2.749	+0.014	+0.53%
Ethanol •11 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.40	+0.05	+0.20%

Silver • 15 mins	27.40	+0.05	+0.20%
Copper • 15 mins	4.557	+0.071	+1.57%
Brent Crude • 10 mins	88.40	+0.38	+0.43%
Natural Gas • 10 mins	1.626	-0.027	-1.63%
Heating Oil • 11 mins	2.570	+0.020	+0.77%

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EUR/USD: Remains Weak

By - Jan 30, 2014, 5:59 AM CST

EUR/USD continues to post lower highs since its high at 1.3739. An hourly support area now stands between 1.3603 (29/01/2014 low) and 1.3583 (22/01/2014 high). Another support lies at 1.3508. Hourly resistances are at 1.3688 (28/01/2014 high) and 1.3739 (24/01/2014 high).

In the longer term, the recent false breakout near the key resistance area defined by 1.3811 (11/12/2013 high) and the long-term declining trendline (around 1.3890) suggest a limited upside potential. We favour a gradual corrective phase towards the 200 day moving average (around 1.3370).

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