Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,369.80	-6.80	-0.49%
WTI Crude •13 mins	64.06	+0.01	+0.02%
Gasoline •13 mins	2.025	-0.004	-0.17%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 40 mins	67.95	-0.52	-0.76%
Natural Gas • 11 mins	3.079	-0.021	-0.68%
Heating Oil • 13 mins	2.352	-0.003	-0.13%

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EUR/USD: Grinding Higher

By - Nov 18, 2013, 5:27 AM CST

EUR/USD continues to grind higher after having successfully tested its recent low at 1.3296 (see also the 50% retracement). A resistance stands at 1.3548 (see also the broken rising channel). Hourly supports can be found at 1.3419 (14/11/2013 low, see also the short-term rising trendline) and 1.3390 (13/11/2013 low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) confirms that a significant top at 1.3832 has likely been made and favours the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.

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