Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	937.00	+0.60	+0.06%
WTI Crude •10 mins	69.81	+0.35	+0.50%
Gasoline •14 mins	1.953	+0.011	+0.56%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.27	+0.33	+0.45%
Natural Gas • 10 mins	3.874	+0.126	+3.36%
Heating Oil • 18 mins	2.251	+0.020	+0.88%

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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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