Commodity Prices

Gold •20 mins	2,413.80	+15.80	+0.66%
Platinum •20 mins	943.80	-10.70	-1.12%
WTI Crude •12 hours	83.14	+0.41	+0.50%
Gasoline •12 hours	2.710	-0.003	-0.13%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.84	+0.46	+1.63%

Silver • 20 mins	28.84	+0.46	+1.63%
Copper • 20 mins	4.498	+0.061	+1.37%
Brent Crude • 11 hours	87.29	+0.18	+0.21%
Natural Gas • 12 hours	1.752	-0.005	-0.28%
Heating Oil • 12 hours	2.541	+0.007	+0.29%

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EUR/USD: Weakening

By - Jan 04, 2013, 5:24 AM CST

EUR/USD declined sharply yesterday, leading to the break of its short-term rising channel. Monitor the support implied by the mediumterm rising trendline (around 1.2960). Another support is at 1.2875. Resistances can be found at 1.3121 (intraday high) and 1.3191 (03/01/2013 high).

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), while a key support is at 1.2662 (13/11/2012 low).

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