Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,005.60	+1.00	+0.10%
WTI Crude •10 mins	71.10	-0.10	-0.14%
Gasoline •10 mins	2.302	-0.000	-0.01%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.37	-0.12	-0.16%
Natural Gas • 10 mins	3.953	+0.002	+0.05%
Heating Oil • 10 mins	2.294	+0.005	+0.21%

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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