Commodity Prices

Gold •672 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,096.60	+34.00	+1.65%
WTI Crude •1 day	89.83	-12.44	-12.16%
Gasoline •1 day	3.324	-0.297	-8.20%
Ethanol •672 days	2.161	+0.000	+0.00%
Silver •672 days	30.82	+1.16	+3.92%

Silver • 672 days	30.82	+1.16	+3.92%
Copper • 672 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	98.33	-11.54	-10.50%
Natural Gas • 1 day	2.720	-0.068	-2.44%
Heating Oil • 1 day	3.612	-0.418	-10.38%

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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