Commodity Prices

Gold •836 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,633.10	+11.60	+0.72%
WTI Crude •1 day	101.41	+3.44	+3.51%
Gasoline •1 day	3.235	+0.055	+1.74%
Ethanol •836 days	2.161	+0.000	+0.00%
Silver •836 days	30.82	+1.16	+3.92%

Silver • 836 days	30.82	+1.16	+3.92%
Copper • 836 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	109.86	+3.94	+3.72%
Natural Gas • 1 day	3.116	-0.120	-3.71%
Heating Oil • 1 day	4.899	+0.054	+1.10%

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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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