Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,370.50	+8.80	+0.65%
WTI Crude •4 hours	64.01	-0.59	-0.91%
Gasoline •6 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	68.12	-0.50	-0.73%
Natural Gas • 4 hours	2.997	+0.053	+1.80%
Heating Oil • 6 hours	2.267	-0.043	-1.87%

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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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