Commodity Prices

Gold •749 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,663.40	+10.10	+0.61%
WTI Crude •11 mins	88.43	+1.60	+1.84%
Gasoline •32 mins	3.460	+0.045	+1.33%
Ethanol •749 days	2.161	+0.000	+0.00%
Silver •749 days	30.82	+1.16	+3.92%

Silver • 749 days	30.82	+1.16	+3.92%
Copper • 749 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.19	+2.12	+2.25%
Natural Gas • 11 mins	2.963	+0.038	+1.30%
Heating Oil • 26 mins	4.225	+0.076	+1.83%

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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).

Daily Technical Report