Commodity Prices

Gold •482 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,588.00	+4.50	+0.28%
WTI Crude •11 mins	59.95	-1.36	-2.22%
Gasoline •14 mins	1.917	-0.003	-0.17%
Ethanol •482 days	2.161	+0.000	+0.00%
Silver •482 days	30.82	+1.16	+3.92%

Silver • 482 days	30.82	+1.16	+3.92%
Copper • 482 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.24	-1.38	-2.10%
Natural Gas • 12 mins	3.269	-0.173	-5.03%
Heating Oil • 13 mins	2.367	-0.069	-2.84%

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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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