Commodity Prices

Gold •20 mins	2,329.30	-9.10	-0.39%
Platinum •20 mins	913.80	-2.00	-0.22%
WTI Crude •10 mins	82.74	-0.07	-0.08%
Gasoline •49 mins	2.732	-0.003	-0.10%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •20 mins	27.24	-0.11	-0.41%

Silver • 20 mins	27.24	-0.11	-0.41%
Copper • 20 mins	4.480	-0.007	-0.14%
Brent Crude • 10 mins	87.97	-0.05	-0.06%
Natural Gas • 10 mins	1.656	+0.003	+0.18%
Heating Oil • 11 mins	2.549	-0.001	-0.04%

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EUR/USD: Testing Support at 1.2875

By - Dec 10, 2012, 5:17 AM CST

EUR/USD has weakened after failing to break the resistance at 1.3140 (17/10/2012 high). Monitor the test of the key support at 1.2875. An hourly resistance is at 1.2973 (07/12/2012 high). Another support can be found at 1.2834 (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.

Daily Technical Report