Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,363.80	+11.90	+0.88%
WTI Crude •10 mins	65.43	-0.09	-0.14%
Gasoline •21 mins	2.091	+0.001	+0.04%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.69	-0.08	-0.12%
Natural Gas • 10 mins	3.534	-0.205	-5.48%
Heating Oil • 11 mins	2.333	+0.026	+1.13%

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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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