Commodity Prices

Gold •737 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,629.00	-1.10	-0.07%
WTI Crude •15 hours	71.41	-0.67	-0.93%
Gasoline •15 hours	2.985	-0.054	-1.78%
Ethanol •737 days	2.161	+0.000	+0.00%
Silver •737 days	30.82	+1.16	+3.92%

Silver • 737 days	30.82	+1.16	+3.92%
Copper • 737 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	76.01	-0.29	-0.38%
Natural Gas • 15 hours	2.940	-0.072	-2.39%
Heating Oil • 15 hours	3.553	-0.018	-0.51%

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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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