Commodity Prices

Gold •636 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,967.70	+62.10	+3.26%
WTI Crude •11 mins	101.54	-1.34	-1.30%
Gasoline •11 mins	3.304	-0.047	-1.41%
Ethanol •636 days	2.161	+0.000	+0.00%
Silver •636 days	30.82	+1.16	+3.92%

Silver • 636 days	30.82	+1.16	+3.92%
Copper • 636 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	104.44	-2.95	-2.75%
Natural Gas • 11 mins	2.888	+0.001	+0.03%
Heating Oil • 11 mins	4.157	-0.207	-4.75%

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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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