Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	977.00	+9.90	+1.02%
WTI Crude •3 hours	63.73	+0.65	+1.03%
Gasoline •12 mins	2.080	+0.014	+0.70%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.75	+0.49	+0.74%
Natural Gas • 10 mins	3.029	+0.013	+0.43%
Heating Oil • 1 hour	2.122	+0.013	+0.63%

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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