Commodity Prices

Gold •14 mins	2,352.70	+10.20	+0.44%
Platinum •14 mins	933.30	+12.80	+1.39%
WTI Crude •11 mins	84.10	+0.53	+0.63%
Gasoline •11 mins	2.778	+0.020	+0.72%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.97	+0.33	+1.20%

Silver • 14 mins	27.97	+0.33	+1.20%
Copper • 14 mins	4.610	+0.072	+1.58%
Brent Crude • 11 mins	89.59	+0.58	+0.65%
Natural Gas • 25 mins	1.595	-0.043	-2.63%
Heating Oil • 12 mins	2.572	+0.021	+0.83%

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EUR/USD: The Support at 1.3159 Has Been Broken

By - Jan 03, 2013, 5:16 AM CST

EUR/USD has broken to the downside out of its horizontal range between the support at 1.3159 and the resistance at 1.3308. Further short-term weakness is favoured as long as the hourly resistance at 1.3191 (intraday high) holds. Supports are given by the rising trendline and 1.3041 (13/12/2012 low).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. A strong resistance is at 1.3487 (24/02/2012 high).

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