Commodity Prices

Gold •15 mins	2,400.10	+2.10	+0.09%
Platinum •15 mins	950.40	-4.10	-0.43%
WTI Crude •10 mins	84.21	+1.48	+1.79%
Gasoline •20 mins	2.747	+0.033	+1.22%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.29	-0.09	-0.32%

Silver • 15 mins	28.29	-0.09	-0.32%
Copper • 15 mins	4.421	-0.016	-0.35%
Brent Crude • 10 mins	88.59	+1.48	+1.70%
Natural Gas • 10 mins	1.763	+0.006	+0.34%
Heating Oil • 11 mins	2.584	+0.050	+1.97%

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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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