Commodity Prices

Gold •537 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,089.40	+70.80	+3.51%
WTI Crude •25 mins	58.01	+1.49	+2.64%
Gasoline •26 mins	1.742	+0.034	+1.99%
Ethanol •537 days	2.161	+0.000	+0.00%
Silver •537 days	30.82	+1.16	+3.92%

Silver • 537 days	30.82	+1.16	+3.92%
Copper • 537 days	4.530	+0.111	+2.51%
Brent Crude • 15 mins	61.96	+1.49	+2.46%
Natural Gas • 25 mins	3.965	-0.019	-0.48%
Heating Oil • 25 mins	2.158	+0.036	+1.71%

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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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