Commodity Prices

Gold •475 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,534.60	-117.60	-7.12%
WTI Crude •15 mins	57.86	+0.34	+0.59%
Gasoline •11 mins	1.828	-0.003	-0.15%
Ethanol •475 days	2.161	+0.000	+0.00%
Silver •475 days	30.82	+1.16	+3.92%

Silver • 475 days	30.82	+1.16	+3.92%
Copper • 475 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	61.43	+0.42	+0.69%
Natural Gas • 11 mins	3.471	+0.074	+2.18%
Heating Oil • 11 mins	2.208	+0.016	+0.72%

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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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