Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,010.30	+5.70	+0.57%
WTI Crude •10 mins	71.25	+0.05	+0.07%
Gasoline •12 mins	2.306	+0.004	+0.15%
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	74.50	+0.01	+0.01%
Natural Gas • 10 mins	3.948	-0.003	-0.08%
Heating Oil • 11 mins	2.296	+0.007	+0.31%

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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