Commodity Prices

Gold •529 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.00	+34.50	+1.96%
WTI Crude •11 mins	57.71	+0.27	+0.47%
Gasoline •11 mins	1.760	+0.008	+0.47%
Ethanol •529 days	2.161	+0.000	+0.00%
Silver •529 days	30.82	+1.16	+3.92%

Silver • 529 days	30.82	+1.16	+3.92%
Copper • 529 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	61.41	+0.29	+0.47%
Natural Gas • 11 mins	4.179	+0.066	+1.60%
Heating Oil • 14 mins	2.214	+0.016	+0.71%

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EUR/USD: Grinding Higher

By - Jun 30, 2014, 5:31 AM CDT

EUR/USD continues to move towards the high of its horizontal range defined by 1.3503 and 1.3677. Monitor the test of the hourly resistance at 1.3644/1.3651. An hourly support lies at 1.3565 (20/06/2014 low, see also the 61.8% retracement).

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