Commodity Prices

Gold •502 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,544.60	-11.10	-0.71%
WTI Crude •11 mins	59.59	-0.32	-0.53%
Gasoline •11 mins	1.959	-0.031	-1.55%
Ethanol •502 days	2.161	+0.000	+0.00%
Silver •502 days	30.82	+1.16	+3.92%

Silver • 502 days	30.82	+1.16	+3.92%
Copper • 502 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.81	-0.39	-0.61%
Natural Gas • 11 mins	4.256	-0.105	-2.41%
Heating Oil • 11 mins	2.607	+0.060	+2.36%

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EUR/USD: Fading Close to Resistance at 1.3140

By - Dec 06, 2012, 5:25 AM CST

EUR/USD weakened yesterday close to the resistance at 1.3140 (17/10/2012 high). The hourly support at 1.3046 (04/12/2012 low) is challenged. Another support is at 1.3020 (intraday low, see also steep rising trendline).

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.

Daily Technical Report