Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	946.20	+2.20	+0.23%
WTI Crude •10 mins	68.27	-0.43	-0.63%
Gasoline •10 mins	1.967	-0.015	-0.77%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.11	-0.45	-0.62%
Natural Gas • 10 mins	2.768	-0.017	-0.61%
Heating Oil • 10 mins	2.198	-0.014	-0.63%

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EUR/USD: Surge in Buying Interest

By - Jan 24, 2014, 4:58 AM CST

EUR/USD moved sharply higher yesterday, breaking its declining trendline. A break of the resistance at 1.3699 would open the way for further strength towards the resistance at 1.3819. Hourly supports can be found at 1.3625 (intraday low) and 1.3583 (22/01/2014 high).

In the longer term, the recent false breakout near the key resistance area defined by 1.3811 (11/12/2013 high) and the long-term declining trendline (around 1.3890) suggest a limited upside potential. We favour a gradual corrective phase towards the 200 day moving average (around 1.3350).

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