Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,421.50	+9.00	+0.64%
WTI Crude •10 mins	66.94	+0.37	+0.56%
Gasoline •10 mins	2.150	-0.002	-0.11%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.95	+0.31	+0.45%
Natural Gas • 10 mins	3.343	+0.006	+0.18%
Heating Oil • 10 mins	2.392	+0.008	+0.34%

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EUR/GBP - Making New Lows

By - Jul 16, 2014, 5:47 AM CDT

EUR/GBP declined sharply yesterday. The support at 0.7915 has been breached, confirming an underlying downtrend. A resistance stands at 0.7981, while a break of the hourly resistance at 0.8034 is needed to invalidate the bearish technical structure.

In the longer term, the break of the key support area between 0.8082 (01/01/2013 low) and 0.8065 (05/06/2014 low) opens the way for a full retracement of the rise that started at 0.7755 (23/07/2012 low). Another strong support stands at 0.7694 (20/10/2008 low). A break of the resistance at 0.8153 (29/05/2014 high) is needed to suggest some exhaustion in the long-term selling pressures.

Daily Technical Report