Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	933.00	-1.60	-0.17%
WTI Crude •11 mins	70.56	-0.02	-0.03%
Gasoline •13 mins	1.942	-0.001	-0.04%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.34	-0.05	-0.07%
Natural Gas • 10 mins	3.443	+0.069	+2.05%
Heating Oil • 13 mins	2.252	-0.003	-0.14%

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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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