Commodity Prices

Gold •461 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,681.80	+55.20	+3.39%
WTI Crude •11 mins	62.75	+1.02	+1.65%
Gasoline •11 mins	1.911	+0.017	+0.90%
Ethanol •461 days	2.161	+0.000	+0.00%
Silver •461 days	30.82	+1.16	+3.92%

Silver • 461 days	30.82	+1.16	+3.92%
Copper • 461 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.39	+0.94	+1.44%
Natural Gas • 11 mins	3.358	-0.140	-4.00%
Heating Oil • 11 mins	2.290	+0.025	+1.09%

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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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