Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,351.90	-9.80	-0.72%
WTI Crude •10 mins	64.25	-0.35	-0.54%
Gasoline •10 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 16 mins	68.23	-0.39	-0.57%
Natural Gas • 10 mins	2.973	+0.029	+0.99%
Heating Oil • 11 hours	2.310	+0.015	+0.63%

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EUR/USD: Support at 1.3144 is Intact

By - Dec 27, 2012, 5:48 AM CST

EUR/USD has broken the strong resistance at 1.3172 (17/09/2012 high) and has, thus far, successfully tested the hourly support at 1.3144 (17/12/2012 low). Monitor the test of the recent high at 1.3308 (19/12/2012 high).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. However, we still expect a phase of weakness in the next few weeks given the general overbought conditions. A strong resistance is at 1.3487 (24/02/2012 high).

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