Commodity Prices

Gold •316 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.30	-8.10	-0.81%
WTI Crude •10 mins	61.35	-0.27	-0.44%
Gasoline •10 mins	2.121	-0.013	-0.61%
Ethanol •316 days	2.161	+0.000	+0.00%
Silver •316 days	30.82	+1.16	+3.92%

Silver • 316 days	30.82	+1.16	+3.92%
Copper • 316 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.28	-0.25	-0.39%
Natural Gas • 11 mins	3.348	-0.014	-0.42%
Heating Oil • 11 mins	2.152	-0.014	-0.66%

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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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