Commodity Prices

Gold •802 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,801.70	+4.10	+0.23%
WTI Crude •11 mins	102.27	+2.22	+2.22%
Gasoline •11 mins	3.382	+0.075	+2.26%
Ethanol •802 days	2.161	+0.000	+0.00%
Silver •802 days	30.82	+1.16	+3.92%

Silver • 802 days	30.82	+1.16	+3.92%
Copper • 802 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.90	+2.29	+2.19%
Natural Gas • 11 mins	2.880	+0.049	+1.73%
Heating Oil • 11 mins	5.056	+0.097	+1.96%

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EUR/USD: Bearish Breakout of The Support at 1.3508

By - Feb 03, 2014, 6:04 AM CST

EUR/USD has broken the support at 1.3508 (see also the steeper rising trendline), opening the way for a further decline towards the 200 day moving average (around 1.3380). An initial resistance lies at 1.3510 (intraday high). An hourly resistance stands at 1.3573 (31/01/2013 high). A horizontal support can be found at 1.3400.

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. The recent technical deteriorations favour a decline towards the support at 1.3296 (07/11/2013 low).

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