Commodity Prices

Gold •777 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,833.80	+23.30	+1.29%
WTI Crude •11 mins	84.57	+0.18	+0.21%
Gasoline •28 mins	3.213	-0.042	-1.28%
Ethanol •777 days	2.161	+0.000	+0.00%
Silver •777 days	30.82	+1.16	+3.92%

Silver • 777 days	30.82	+1.16	+3.92%
Copper • 777 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	91.62	+0.60	+0.66%
Natural Gas • 12 mins	2.780	-0.034	-1.21%
Heating Oil • 25 mins	4.441	-0.012	-0.26%

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EUR/USD - Remains Weak

By - Jan 15, 2015, 3:04 PM CST

EUR/USD rebounded after moving below the support at 1.1754 yesterday. However, the shortterm succession of lower highs (see declining trendline) continues to favour a bearish bias. Hourly resistances can be found at 1.1846 (14/01/2015 high) and 1.1871. An hourly support lies at 1.1727 (14/01/2015 low), while a more significant support stands at 1.1640.

In the longer term, the break of the strong support area between 1.2043 (24/07/2012 low) and 1.1877 (07/06/2010 low) confirms the underlying bearish trend. The long-term symmetrical triangle favours further significant weakness. Key supports can be found at 1.1640 (15/11/2005) and 1.0765 (03/09/2003 low), whereas a key resistance stands at 1.2252 (25/12/2014 high).

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