Commodity Prices

Gold •504 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,564.10	+7.30	+0.47%
WTI Crude •11 mins	59.74	+0.49	+0.83%
Gasoline •11 mins	1.928	-0.005	-0.23%
Ethanol •504 days	2.161	+0.000	+0.00%
Silver •504 days	30.82	+1.16	+3.92%

Silver • 504 days	30.82	+1.16	+3.92%
Copper • 504 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.06	+0.55	+0.87%
Natural Gas • 11 mins	4.545	-0.005	-0.11%
Heating Oil • 11 mins	2.611	-0.024	-0.92%

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EUR/USD: Pushing Through The Resistance at 1.2973

By - Dec 12, 2012, 5:48 AM CST

EUR/USD has successfully tested the key support at 1.2875. The subsequent rise has broken the resistance at 1.2973 (07/12/2012 high). Another resistance is at 1.3046 (04/12/2012 low). An hourly support is at 1.2963 (intraday high).

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