Commodity Prices

Gold •393 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,297.10	-2.00	-0.15%
WTI Crude •11 mins	69.44	+0.18	+0.26%
Gasoline •10 mins	2.168	-0.006	-0.25%
Ethanol •393 days	2.161	+0.000	+0.00%
Silver •393 days	30.82	+1.16	+3.92%

Silver • 393 days	30.82	+1.16	+3.92%
Copper • 393 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.90	+0.20	+0.28%
Natural Gas • 11 mins	3.099	-0.007	-0.23%
Heating Oil • 10 mins	2.400	+0.004	+0.17%

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EUR/USD: Weakening

By - Jan 04, 2013, 5:24 AM CST

EUR/USD declined sharply yesterday, leading to the break of its short-term rising channel. Monitor the support implied by the mediumterm rising trendline (around 1.2960). Another support is at 1.2875. Resistances can be found at 1.3121 (intraday high) and 1.3191 (03/01/2013 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. A strong resistance is at 1.3487 (24/02/2012 high), while a key support is at 1.2662 (13/11/2012 low).

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