Commodity Prices

Gold •647 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,065.20	-46.90	-2.22%
WTI Crude •22 hours	95.81	-2.06	-2.10%
Gasoline •22 hours	3.016	+0.015	+0.51%
Ethanol •647 days	2.161	+0.000	+0.00%
Silver •647 days	30.82	+1.16	+3.92%

Silver • 647 days	30.82	+1.16	+3.92%
Copper • 647 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	95.20	-0.72	-0.75%
Natural Gas • 22 hours	2.652	-0.018	-0.67%
Heating Oil • 22 hours	3.745	-0.192	-4.87%

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EUR/USD: Bouncing Near The Support at 1.3503

By - Jun 17, 2014, 4:23 AM CDT

EUR/USD's bullish intraday reversal on 5 June has created a key support at 1.3503, favouring a consolidation phase. However, a short-term bearish bias is favoured as long as prices remain below the hourly resistance at 1.3602 (10/06/2014 high). Another resistance stands at 1.3677.

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