Commodity Prices

Gold •494 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,587.00	+37.90	+2.45%
WTI Crude •11 mins	60.33	+0.58	+0.97%
Gasoline •12 mins	1.958	+0.018	+0.90%
Ethanol •494 days	2.161	+0.000	+0.00%
Silver •494 days	30.82	+1.16	+3.92%

Silver • 494 days	30.82	+1.16	+3.92%
Copper • 494 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.18	+0.55	+0.86%
Natural Gas • 11 mins	4.490	+0.175	+4.06%
Heating Oil • 11 mins	2.494	+0.011	+0.46%

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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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