Commodity Prices

Gold •762 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,743.00	-13.00	-0.74%
WTI Crude •10 mins	75.59	-0.18	-0.24%
Gasoline •11 mins	2.848	-0.004	-0.15%
Ethanol •762 days	2.161	+0.000	+0.00%
Silver •762 days	30.82	+1.16	+3.92%

Silver • 762 days	30.82	+1.16	+3.92%
Copper • 762 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.71	+0.35	+0.44%
Natural Gas • 10 mins	2.692	+0.010	+0.37%
Heating Oil • 11 mins	3.821	+0.051	+1.35%

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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