Commodity Prices

Gold •430 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,386.70	+10.10	+0.73%
WTI Crude •1 day	61.87	-1.61	-2.54%
Gasoline •1 day	1.964	-0.045	-2.25%
Ethanol •430 days	2.161	+0.000	+0.00%
Silver •430 days	30.82	+1.16	+3.92%

Silver • 430 days	30.82	+1.16	+3.92%
Copper • 430 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.50	-1.49	-2.22%
Natural Gas • 1 day	3.048	-0.026	-0.85%
Heating Oil • 1 day	2.287	-0.044	-1.87%

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EUR/USD: Exhaustion in Short-Term Selling Pressures

By - Jun 06, 2014, 4:50 AM CDT

EUR/USD made an intraday bullish reversal on Thursday, indicating exhaustion in the short-term selling pressures. Resistances can now be found at 1.3688 (22/05/2014 high) and 1.3734 (19/05/2014 high). Hourly supports lie at 1.3586 (29/05/2014 low) and 1.3503 (05/06/2014 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 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).

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