Commodity Prices

Gold •180 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	914.20	-5.60	-0.61%
WTI Crude •11 mins	71.37	+0.38	+0.54%
Gasoline •1 hour	1.976	+0.018	+0.92%
Ethanol •180 days	2.161	+0.000	+0.00%
Silver •180 days	30.82	+1.16	+3.92%

Silver • 180 days	30.82	+1.16	+3.92%
Copper • 180 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	74.39	+0.22	+0.30%
Natural Gas • 10 mins	3.894	-0.042	-1.07%
Heating Oil • 1 hour	2.300	+0.055	+2.44%

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EUR/USD: Bullish Breakout at 1.3487

By - Jan 31, 2013, 5:29 AM CST

EUR/USD has broken its strong resistance at 1.3487 (see also psychological resistance at 1.3500). Hourly supports can be found at 1.3482 (30/01/2013 low) and 1.3414 (29/01/2013 low).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3487 (24/02/2012 high) indicate an improvement of the underlying long-term trend. A move towards 1.3791 (measured move implied by the 1.2043 to 1.3172 rise from the retracement at 1.2662) is expected. A strong resistance is at 1.4247 (27/10/2011 high).

Daily Technical Report