Commodity Prices

Gold •759 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,658.70	-1.50	-0.09%
WTI Crude •1 day	84.67	+1.08	+1.29%
Gasoline •1 day	3.114	-0.017	-0.55%
Ethanol •759 days	2.161	+0.000	+0.00%
Silver •759 days	30.82	+1.16	+3.92%

Silver • 759 days	30.82	+1.16	+3.92%
Copper • 759 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	87.93	+1.05	+1.21%
Natural Gas • 1 day	2.747	-0.011	-0.40%
Heating Oil • 1 day	4.122	-0.088	-2.09%

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EUR/USD: Fading Close To Its Key Resistance Area

By - Mar 05, 2014, 5:57 AM CST

EUR/USD is showing signs of weakness near its key resistance area between 1.3832 (25/10/2013 high, see also the long-term declining trendline) and 1.3893. Hourly supports can be found at 1.3694 (28/02/2014 low) and 1.3643.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). However, monitor the potential ascending triangle formation. Another strong resistance lies at 1.4247 (27/10/2011 high).

Daily Technical Report