Commodity Prices

Gold •374 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •1 day	68.45	+1.88	+2.82%
Gasoline •1 day	2.187	+0.035	+1.61%
Ethanol •374 days	2.161	+0.000	+0.00%
Silver •374 days	30.82	+1.16	+3.92%

Silver • 374 days	30.82	+1.16	+3.92%
Copper • 374 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	70.36	+1.72	+2.51%
Natural Gas • 1 day	3.314	-0.023	-0.69%
Heating Oil • 1 day	2.447	+0.064	+2.68%

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EUR/USD - Making New Lows

By - Jul 23, 2014, 5:59 AM CDT

EUR/USD has broken the key support area defined by 1.3503 (see also the long-term rising trendline from the July 2012 low) and 1.3477, confirming an underlying downtrend. Hourly resistances can be found at 1.3513 (21/07/2014 low) and 1.3549 (21/07/2014 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. A strong support stands at 1.3296 (07/11/2013 low).

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