Commodity Prices

Gold •356 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,323.90	+1.70	+0.13%
WTI Crude •10 mins	64.65	+0.28	+0.43%
Gasoline •10 mins	2.089	+0.003	+0.16%
Ethanol •356 days	2.161	+0.000	+0.00%
Silver •356 days	30.82	+1.16	+3.92%

Silver • 356 days	30.82	+1.16	+3.92%
Copper • 356 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.44	+0.30	+0.45%
Natural Gas • 10 mins	3.502	-0.035	-0.99%
Heating Oil • 11 mins	2.294	+0.009	+0.38%

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EUR/USD: Intraday Bearish Reversal

By - May 23, 2013, 5:38 AM CDT

EUR/USD made an intraday bearish reversal close to the hourly resistances at 1.2943 (15/05/2013 high) and 1.3029 (14/05/2013 high). Monitor the recent low at 1.2797 (17/05/2013 low).

A test of the strong support area between 1.2746 and 1.2662 is expected as long as prices remain below the resistance at 1.3029 (see double-top formation).

In the medium-term, the recent price action from 1.2746 is simply viewed as a corrective phase within a larger downtrend. The recent new lows below 1.2955 suggest the end of the rebound and a minimum return towards the key support at 1.2662 (13/11/2012 low).

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