Commodity Prices

Gold •689 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,939.70	-25.10	-1.28%
WTI Crude •1 day	96.60	+0.25	+0.26%
Gasoline •1 day	3.454	+0.074	+2.20%
Ethanol •689 days	2.161	+0.000	+0.00%
Silver •689 days	30.82	+1.16	+3.92%

Silver • 689 days	30.82	+1.16	+3.92%
Copper • 689 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.54	+0.96	+0.94%
Natural Gas • 1 day	2.907	-0.111	-3.68%
Heating Oil • 1 day	3.888	+0.056	+1.47%

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EUR/USD: Strong Support at 1.3643 Challenged Again

By - May 23, 2014, 5:12 AM CDT

EUR/USD is challenging again the strong support at 1.3643 (see also the 200 day moving average). A break of the resistance at 1.3734 (19/05/2014 high) is needed to confirm a shortterm exhaustion of the current selling pressures. Another resistance can be found at 1.3775 (12/05/2014 high), whereas another support lies at 1.3562 (12/02/2014 low).

In the longer term, EUR/USD has broken its long-term rising trendline (see also the support at 1.3673), indicating a clear deterioration of the underlying bullish momentum. A break of the key support at 1.3643 (27/02/2014 low) is needed to confirm a long-term bearish trend reversal (potential double-top).

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