Commodity Prices

Gold •803 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,771.10	-8.70	-0.49%
WTI Crude •11 mins	101.95	+0.56	+0.55%
Gasoline •11 mins	3.355	+0.038	+1.13%
Ethanol •803 days	2.161	+0.000	+0.00%
Silver •803 days	30.82	+1.16	+3.92%

Silver • 803 days	30.82	+1.16	+3.92%
Copper • 803 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	105.68	+1.07	+1.02%
Natural Gas • 11 mins	2.883	-0.013	-0.45%
Heating Oil • 17 mins	4.984	+0.022	+0.45%

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EUR/USD: Moving Lower

By - Jun 24, 2013, 5:59 AM CDT

EUR/USD continues to decline from its high at 1.3417. An hourly resistance is at 1.3159 (intraday high). Another resistance can be found at 1.3254. Supports lie at 1.3042 and 1.2942.

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 a significant top. Coupled with the short-term overbought conditions, a new bearish phase is likely underway. A minimum move towards the support at 1.2797 (17/05/2013 low) is expected.

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