Commodity Prices

Gold •459 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,642.10	+0.00	+0.00%
WTI Crude •11 mins	61.65	+0.77	+1.26%
Gasoline •11 mins	1.883	+0.022	+1.19%
Ethanol •459 days	2.161	+0.000	+0.00%
Silver •459 days	30.82	+1.16	+3.92%

Silver • 459 days	30.82	+1.16	+3.92%
Copper • 459 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.34	+0.81	+1.26%
Natural Gas • 11 mins	3.470	+0.146	+4.39%
Heating Oil • 11 mins	2.263	+0.027	+1.19%

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EUR/USD: Pushing Lower

By - May 29, 2014, 5:22 AM CDT

EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration. The short-term technical structure calls for further weakness as long as prices remain below the resistance at 1.3688 (intraday high). Another resistance lies at 1.3734 (19/05/2014 high). A support stands at 1.3562 (12/02/2014 low).

In the longer term, the break of the long-term rising wedge (see also the support at 1.3673) indicates a clear deterioration of the technical structure. The downside risk implied by the double-top formation is 1.3379. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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