Commodity Prices

Gold •728 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,636.30	+36.40	+2.28%
WTI Crude •11 mins	67.44	-1.14	-1.66%
Gasoline •11 mins	2.892	-0.053	-1.81%
Ethanol •728 days	2.161	+0.000	+0.00%
Silver •728 days	30.82	+1.16	+3.92%

Silver • 728 days	30.82	+1.16	+3.92%
Copper • 728 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.52	-1.05	-1.47%
Natural Gas • 11 mins	3.173	-0.047	-1.46%
Heating Oil • 11 mins	3.182	-0.036	-1.13%

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EUR/USD - Approaching The Key Support at 1.3503

By - Jul 17, 2014, 6:01 AM CDT

EUR/USD declined further yesterday. Prices are now close to the key support at 1.3503 (see also the long-term rising trendline from the July 2012 low). Hourly resistances can be found at 1.3562 (15/07/2014 low) and 1.3581 (intraday high).

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. A long-term downside risk at 1.3379 (implied by the double-top formation) is favoured as long as prices remain below the resistance at 1.3700. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

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