Commodity Prices

Gold •501 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,558.70	-6.50	-0.42%
WTI Crude •11 mins	59.53	-0.56	-0.93%
Gasoline •11 mins	1.987	-0.025	-1.24%
Ethanol •501 days	2.161	+0.000	+0.00%
Silver •501 days	30.82	+1.16	+3.92%

Silver • 501 days	30.82	+1.16	+3.92%
Copper • 501 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.86	-0.53	-0.82%
Natural Gas • 11 mins	4.502	-0.064	-1.40%
Heating Oil • 11 mins	2.513	-0.018	-0.72%

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EUR/USD - Renewed Bullish Pressures

By - Jul 12, 2016, 7:05 AM CDT

EUR/USD is back above 1.1100. Hourly support is given at 1.0913 (06/07/2016 low) while hourly resistance is located at 1.1186 (05/07/2016 high). Stronger resistance is given at 1.1479 (06/05/2016 high). Sharp moves do not have to be ruled out as there are still a lot of uncertainties on asset pricing in the market. Expected to show sideways price action.

In the longer term, the technical structure favours a very long-term bearish bias as resistance at 1.1714 (24/08/2015 high) holds. The pair is trading in range since the start of 2015. Strong support is given at 1.0458 (16/03/2015 low). However, the current technical structure since last December implies a gradual increase.

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