Commodity Prices

Gold •485 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,574.50	-39.80	-2.47%
WTI Crude •11 mins	60.82	+0.25	+0.41%
Gasoline •2 hours	1.975	-0.029	-1.44%
Ethanol •485 days	2.161	+0.000	+0.00%
Silver •485 days	30.82	+1.16	+3.92%

Silver • 485 days	30.82	+1.16	+3.92%
Copper • 485 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	65.07	+0.07	+0.11%
Natural Gas • 11 mins	4.089	+0.133	+3.36%
Heating Oil • 2 hours	2.427	-0.033	-1.34%

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EUR/USD: Making New Lows

By - Jul 03, 2013, 5:12 AM CDT

EUR/USD still exhibits a succession of lower highs. The recent new lows below the support at 1.2985 invalidate a potential base formation. Supports are now at 1.2942 and 1.2838. Hourly resistances can be found at 1.3038 (intraday high, see also the declining trendline) and 1.3103.

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. A minimum medium-term move towards the support at 1.2797 (17/05/2013 low) is expected.

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