Commodity Prices

Gold •417 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.10	-18.00	-1.32%
WTI Crude •10 mins	64.12	+0.46	+0.72%
Gasoline •10 mins	2.151	-0.008	-0.35%
Ethanol •417 days	2.161	+0.000	+0.00%
Silver •417 days	30.82	+1.16	+3.92%

Silver • 417 days	30.82	+1.16	+3.92%
Copper • 417 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.13	+0.40	+0.59%
Natural Gas • 10 mins	2.665	-0.033	-1.22%
Heating Oil • 10 mins	2.332	+0.024	+1.05%

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EUR/USD: The support at 1.3257 Has Been Broken

By - Feb 22, 2013, 5:12 AM CST

EUR/USD has broken the support at 1.3257 (16/01/2013 low) and its rising trendline. Monitor the test of the support at 1.3187 (50% retracement) as the next support would be at 1.2998 (04/01/2013 low). Hourly resistances can be found at 1.3291 (21/01/2013 high) and 1.3434 (20/02/2013 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. Still, the recent break of the support at 1.3257 (16/01/2013 low) opens the way for a move towards the key support 1.2998 (04/01/2013 low).

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