Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	970.40	-0.10	-0.01%
WTI Crude •10 mins	70.44	+0.34	+0.49%
Gasoline •17 mins	2.063	+0.004	+0.19%
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	74.52	+0.29	+0.39%
Natural Gas • 10 mins	3.435	+0.096	+2.88%
Heating Oil • 13 mins	2.280	+0.006	+0.25%

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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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