Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,702.40	+1.60	+0.09%
WTI Crude •11 mins	62.34	-0.21	-0.34%
Gasoline •11 mins	1.907	-0.003	-0.15%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.01	-0.24	-0.36%
Natural Gas • 11 mins	3.307	-0.026	-0.78%
Heating Oil • 11 mins	2.308	+0.017	+0.74%

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EUR/USD - Drifting Higher

By - Jul 06, 2015, 6:05 AM CDT

EUR/USD has opened with a wide gap but the pair is now heading upwards. Hourly resistance is at 1.1278 (29/06/2015 high). Stronger resistance lies at 1.1436 (18/06/2015 high). Hourly support is given at 1.0868 (28/05/2015 low). We expect the pair to remain below 1.1100.

In the longer term, the symmetrical triangle from 2010-2014 favors further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support). Break to the upside would suggest a test of resistance at 1.1534 (03/02/2015 reaction high).

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