Commodity Prices

Gold •522 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,676.00	+15.50	+0.93%
WTI Crude •11 mins	60.23	+0.15	+0.25%
Gasoline •11 mins	1.842	+0.008	+0.45%
Ethanol •522 days	2.161	+0.000	+0.00%
Silver •522 days	30.82	+1.16	+3.92%

Silver • 522 days	30.82	+1.16	+3.92%
Copper • 522 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.90	+0.15	+0.24%
Natural Gas • 11 mins	5.134	-0.155	-2.93%
Heating Oil • 12 mins	2.364	+0.001	+0.03%

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EUR/USD: Weak Bounce

By - Apr 23, 2014, 5:36 AM CDT

EUR/USD bounced yesterday near the support at 1.3780. However, bullish rally is weak. An hourly support is at 1.3780 (22/04/2014 low, see also the low of the declining channel). The next resistance is at 1.3906 (11/04/2014 high). The short-term technical configuration remains positive as long as the support at 1.3730 holds.

In the longer term, EUR/USD is still in a dominate uptrend, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high).

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