Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,985.70	+42.00	+2.16%
WTI Crude •11 mins	95.30	-0.25	-0.26%
Gasoline •11 mins	3.158	+0.031	+1.00%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.80	+0.15	+0.14%
Natural Gas • 11 mins	3.125	-0.041	-1.30%
Heating Oil • 13 mins	4.406	+0.064	+1.46%

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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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