Commodity Prices

Gold •627 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,771.50	-199.00	-10.10%
WTI Crude •11 mins	98.68	+0.45	+0.46%
Gasoline •14 mins	3.336	+0.049	+1.50%
Ethanol •627 days	2.161	+0.000	+0.00%
Silver •627 days	30.82	+1.16	+3.92%

Silver • 627 days	30.82	+1.16	+3.92%
Copper • 627 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	113.12	+0.93	+0.83%
Natural Gas • 11 mins	3.112	+0.017	+0.55%
Heating Oil • 14 mins	4.826	+0.218	+4.73%

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EUR/USD: Monitor The Key Resistance at 1.3906

By - May 06, 2014, 5:44 AM CDT

EUR/USD continues to consolidate after its rise from 1.3673 (04/04/2014 low) to 1.3906 (11/04/2014 high). The technical structure remains supportive as long as the support at 1.3780 (09/04/2014 low) holds. Furthermore, Friday's intraday bullish reversal confirms a persistent buying interest. Monitor the key resistance at 1.3906. An hourly support can be found at 1.3859 (intraday low).

In the longer term, EUR/USD is still in a succession of higher highs and higher lows. However, the recent marginal new highs (suggesting a potential long-term rising wedge) indicate an exhausted rise. As a result, we see a limited upside potential, especially given the key resistance at 1.3967 (13/03/2014 high).

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