Commodity Prices

Gold •739 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,629.00	-1.10	-0.07%
WTI Crude •1 day	71.41	-0.67	-0.93%
Gasoline •1 day	2.985	-0.054	-1.78%
Ethanol •739 days	2.161	+0.000	+0.00%
Silver •739 days	30.82	+1.16	+3.92%

Silver • 739 days	30.82	+1.16	+3.92%
Copper • 739 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	76.01	-0.29	-0.38%
Natural Gas • 1 day	2.940	-0.072	-2.39%
Heating Oil • 1 day	3.553	-0.018	-0.51%

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EUR/USD: Retracing its Recent Bounce

By - Jun 10, 2014, 4:57 AM CDT

EUR/USD made a bullish intraday reversal on 5 June. However, the lack of follow-through and the current deep retracement suggest persistent selling pressures. Resistances can be found at 1.3677 and 1.3734 (19/05/2014 high). Hourly supports now lie at 1.3583 (09/06/2014 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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