Commodity Prices

Gold •840 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,596.20	-39.70	-2.43%
WTI Crude •11 mins	98.51	+1.36	+1.40%
Gasoline •23 mins	3.159	+0.039	+1.25%
Ethanol •840 days	2.161	+0.000	+0.00%
Silver •840 days	30.82	+1.16	+3.92%

Silver • 840 days	30.82	+1.16	+3.92%
Copper • 840 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.65	+1.83	+1.68%
Natural Gas • 11 mins	2.760	-0.030	-1.08%
Heating Oil • 39 mins	4.819	+0.056	+1.17%

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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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