Commodity Prices

Gold •636 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,964.40	-5.80	-0.29%
WTI Crude •11 mins	100.05	-1.33	-1.31%
Gasoline •11 mins	3.106	-0.098	-3.05%
Ethanol •636 days	2.161	+0.000	+0.00%
Silver •636 days	30.82	+1.16	+3.92%

Silver • 636 days	30.82	+1.16	+3.92%
Copper • 636 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.51	-2.46	-2.37%
Natural Gas • 11 mins	2.844	-0.040	-1.39%
Heating Oil • 11 mins	4.060	-0.054	-1.30%

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EUR/USD: Declining Sharply

By - Dec 07, 2012, 5:26 AM CST

EUR/USD fell sharply yesterday after failing to break the resistance at 1.3140 (17/10/2012 high). A test of the support at 1.2875 is expected. An hourly resistance is at 1.2973 (intraday high). Another resistance is at 1.3046 (04/12/2012 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.

Daily Technical Report