Commodity Prices

Gold •418 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,341.70	+2.90	+0.22%
WTI Crude •10 mins	64.50	-0.30	-0.46%
Gasoline •1 hour	2.138	-0.010	-0.46%
Ethanol •418 days	2.161	+0.000	+0.00%
Silver •418 days	30.82	+1.16	+3.92%

Silver • 418 days	30.82	+1.16	+3.92%
Copper • 418 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.51	-0.29	-0.42%
Natural Gas • 10 mins	2.681	-0.015	-0.56%
Heating Oil • 53 mins	2.335	-0.012	-0.52%

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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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