Commodity Prices

Gold •728 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,624.00	+24.10	+1.51%
WTI Crude •11 mins	67.59	-0.99	-1.44%
Gasoline •11 mins	2.876	-0.069	-2.35%
Ethanol •728 days	2.161	+0.000	+0.00%
Silver •728 days	30.82	+1.16	+3.92%

Silver • 728 days	30.82	+1.16	+3.92%
Copper • 728 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.68	-0.89	-1.24%
Natural Gas • 11 mins	3.175	-0.045	-1.40%
Heating Oil • 11 mins	3.178	-0.040	-1.24%

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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