Commodity Prices

Gold •440 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,387.40	-15.10	-1.08%
WTI Crude •11 mins	64.19	-0.33	-0.51%
Gasoline •11 mins	2.033	-0.009	-0.42%
Ethanol •440 days	2.161	+0.000	+0.00%
Silver •440 days	30.82	+1.16	+3.92%

Silver • 440 days	30.82	+1.16	+3.92%
Copper • 440 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.14	-0.33	-0.48%
Natural Gas • 11 mins	3.104	+0.001	+0.03%
Heating Oil • 11 mins	2.375	-0.019	-0.79%

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EUR/USD: The Support at 1.3159 Has Been Broken

By - Jan 03, 2013, 5:16 AM CST

EUR/USD has broken to the downside out of its horizontal range between the support at 1.3159 and the resistance at 1.3308. Further short-term weakness is favoured as long as the hourly resistance at 1.3191 (intraday high) holds. Supports are given by the rising trendline and 1.3041 (13/12/2012 low).

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. A strong resistance is at 1.3487 (24/02/2012 high).

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