Commodity Prices

Gold •173 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	952.30	+3.40	+0.36%
WTI Crude •10 mins	69.49	+0.25	+0.36%
Gasoline •1 hour	1.944	+0.006	+0.30%
Ethanol •173 days	2.161	+0.000	+0.00%
Silver •173 days	30.82	+1.16	+3.92%

Silver • 173 days	30.82	+1.16	+3.92%
Copper • 173 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	72.63	-0.31	-0.43%
Natural Gas • 10 mins	3.744	+0.088	+2.41%
Heating Oil • 24 mins	2.237	+0.010	+0.47%

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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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