Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,006.60	+62.90	+3.24%
WTI Crude •11 mins	93.97	-1.58	-1.65%
Gasoline •16 mins	3.119	-0.009	-0.27%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.44	-1.21	-1.11%
Natural Gas • 11 mins	3.126	-0.040	-1.26%
Heating Oil • 16 mins	4.303	-0.039	-0.91%

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EUR/USD: Significant Deterioration in The Technical Structure

By - Mar 21, 2014, 5:49 AM CDT

EUR/USD has broken the support implied by its rising channel, invalidating the uptrend in place since February. The short-term technical structure is negative as long as prices remain below the resistance at 1.3845 (20/03/2014 high). Supports can be found at 1.3708 (05/03/2014 low) and 1.3643.

In the medium-term, the break of the support at 1.3834 (11/03/2014 low, see also the rising channel) coupled with general overbought conditions favour a move lower towards the support at 1.3643. The recent high at 1.3967 is likely to act as a strong resistance.

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