Commodity Prices

Gold •751 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,604.10	-4.70	-0.29%
WTI Crude •6 hours	89.31	-2.88	-3.12%
Gasoline •6 hours	3.396	-0.101	-2.87%
Ethanol •751 days	2.161	+0.000	+0.00%
Silver •751 days	30.82	+1.16	+3.92%

Silver • 751 days	30.82	+1.16	+3.92%
Copper • 751 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	96.78	-3.91	-3.88%
Natural Gas • 6 hours	2.871	-0.045	-1.54%
Heating Oil • 6 hours	4.181	-0.161	-3.71%

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EUR/USD: Bullish Breakout at 1.3393

By - Feb 20, 2013, 5:45 AM CST

EUR/USD has broken its resistance at 1.3393, opening the way for a move towards the resistance at 1.3520 (13/02/2013 high). Monitor the resistance implied by the short-term declining trendline. Hourly supports can be found at 1.3382 (intraday low) and 1.3306 (15/02/2013 low).

In the bigger multi-week time frame we note that 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) indicates an improvement in the underlying trend. A move towards 1.3791 (measured move implied by the 1.2043 to 1.3172 rise from the retracement at 1.2662) is favoured as long as the rising channel starting from 1.2043 is intact.

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