Commodity Prices

Gold •723 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,639.00	+20.20	+1.25%
WTI Crude •11 mins	69.32	-2.60	-3.62%
Gasoline •15 mins	2.955	-0.073	-2.39%
Ethanol •723 days	2.161	+0.000	+0.00%
Silver •723 days	30.82	+1.16	+3.92%

Silver • 723 days	30.82	+1.16	+3.92%
Copper • 723 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.97	-3.29	-4.37%
Natural Gas • 11 mins	3.305	+0.010	+0.30%
Heating Oil • 11 mins	3.207	-0.091	-2.76%

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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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