Commodity Prices

Gold •171 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	936.40	+12.90	+1.40%
WTI Crude •1 day	69.46	+0.08	+0.12%
Gasoline •1 day	1.942	+0.019	+0.98%
Ethanol •171 days	2.161	+0.000	+0.00%
Silver •171 days	30.82	+1.16	+3.92%

Silver • 171 days	30.82	+1.16	+3.92%
Copper • 171 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.94	+0.06	+0.08%
Natural Gas • 1 day	3.748	+0.164	+4.58%
Heating Oil • 1 day	2.232	-0.006	-0.27%

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EUR/USD: Bullish Breakout of The Key Resistance at 1.3906

By - May 07, 2014, 5:17 AM CDT

EUR/USD has broken to the upside out of its recent consolidation between 1.3780 (09/04/2014 low) and 1.3906 (11/04/2014 high), opening the way for a test of the key resistance at 1.3967. Hourly supports can be found at 1.3906 (previous resistance) and 1.3865 (05/05/2014 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 medium-term limited upside potential, especially given the key resistance at 1.3967 (13/03/2014 high) and the increasing overbought conditions.

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