Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.20	+3.40	+0.35%
WTI Crude •10 mins	70.17	+1.42	+2.07%
Gasoline •10 mins	2.053	+0.007	+0.35%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.31	+1.50	+2.06%
Natural Gas • 10 mins	3.354	+0.161	+5.04%
Heating Oil • 10 mins	2.272	+0.046	+2.05%

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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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