Commodity Prices

Gold •20 mins	2,308.60	-1.00	-0.04%
Platinum •20 mins	965.30	+2.70	+0.28%
WTI Crude •5 hours	78.11	-0.84	-1.06%
Gasoline •5 hours	2.555	-0.041	-1.59%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •20 mins	26.69	-0.14	-0.52%

Silver • 20 mins	26.69	-0.14	-0.52%
Copper • 20 mins	4.557	+0.073	+1.62%
Brent Crude • 4 hours	82.96	-0.71	-0.85%
Natural Gas • 5 hours	2.142	+0.107	+5.26%
Heating Oil • 5 hours	2.443	+0.000	+0.01%

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EUR/USD: Bullish Breakout at 1.3023

By - Dec 04, 2012, 5:17 AM CST

EUR/USD has broken its strong resistance at 1.3023 (25/10/2012 high, see also declining trendline). The next resistance is at 1.3084 (22/10/2012 high). An hourly support is at 1.3020 (intraday low).

The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the overall overbought conditions.

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