Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,368.80	+16.90	+1.25%
WTI Crude •10 mins	65.20	-0.32	-0.49%
Gasoline •54 mins	2.089	-0.001	-0.02%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.54	-0.23	-0.34%
Natural Gas • 10 mins	3.574	-0.165	-4.41%
Heating Oil • 2 hours	2.321	+0.014	+0.60%

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EUR/USD: Declining Sharply

By - May 12, 2014, 5:54 AM CDT

EUR/USD has declined sharply after its bearish reversal near the key resistance at 1.3967. The support at 1.3780 has been broken. A key support lies at 1.3673 (see also the rising wedge). Resistances for a short-term rebound are given by 1.3812 (02/05/2014 low) and 1.3871 (intraday high).

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. A break of the key support at 1.3643 (27/02/2014 low) is needed to confirm a long-term bearish trend reversal.

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