Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,956.70	+17.00	+0.88%
WTI Crude •11 mins	92.69	-3.91	-4.05%
Gasoline •12 mins	3.336	-0.118	-3.43%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.23	+3.09	+3.21%
Natural Gas • 11 mins	2.961	+0.054	+1.86%
Heating Oil • 12 mins	3.778	-0.110	-2.84%

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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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