Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,414.30	+1.80	+0.13%
WTI Crude •10 mins	66.81	+0.24	+0.36%
Gasoline •12 mins	2.156	+0.004	+0.16%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.81	+0.17	+0.25%
Natural Gas • 12 mins	3.366	+0.029	+0.87%
Heating Oil • 10 mins	2.395	+0.012	+0.50%

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EUR/USD: Pickup in Selling Pressure

By - Feb 13, 2014, 5:23 AM CST

EUR/USD significantly weakened yesterday, suggesting a pickup in selling pressures. A break of the hourly support at 1.3552 would open the way for a further decline towards the support at 1.3477. An hourly resistance stands at 1.3683 (see also the declining trendline).

Monitor the medium-term horizontal range between the support at 1.3477 and the resistance at 1.3739.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high) with a bearish bias. As a result, a gradual decline towards the low of this range is favoured. A first key support is given by the 200 day moving average (around 1.3396).

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