Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,170.40	+33.90	+2.98%
WTI Crude •10 mins	64.55	+1.18	+1.86%
Gasoline •10 mins	2.078	+0.015	+0.72%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.46	+1.12	+1.71%
Natural Gas • 10 mins	3.778	+0.101	+2.75%
Heating Oil • 10 mins	2.128	+0.033	+1.59%

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EUR/USD: A New Bearish Phase Has Likely Started

By - Jun 20, 2013, 5:56 AM CDT

EUR/USD declined yesterday. Supports at 1.3326 (18/06/2013 low, see also the rising trendlines) and 1.3266 have been broken. Given the short-term overbought conditions, a new bearish phase has likely started. Supports are at 1.3178 and 1.3042. An hourly resistance can be found at 1.3326 (18/06/2013 low).

In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. The high at 1.3417 (19/06/2013 high) following Bernanke's comments is likely a significant top.

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