Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,403.10	-11.90	-0.84%
WTI Crude •10 mins	65.68	+0.44	+0.67%
Gasoline •11 mins	2.108	+0.009	+0.41%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	68.09	+0.36	+0.53%
Natural Gas • 10 mins	3.575	+0.049	+1.39%
Heating Oil • 2 hours	2.374	+0.014	+0.59%

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EUR/USD: All Eyes on The ECB

By - Jun 05, 2014, 5:06 AM CDT

EUR/USD has moved recently within a shortterm horizontal range between 1.3586 and 1.3650. Today's ECB decisions are likely to determine the direction of the next short-term trend. Another support stands at 1.3562 (12/02/2014 low), whereas another resistance lies at 1.3734 (19/05/2014 high).

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 long-term 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