Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.90	+4.10	+0.42%
WTI Crude •10 mins	70.21	+1.46	+2.12%
Gasoline •12 mins	2.054	+0.008	+0.40%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.35	+1.54	+2.12%
Natural Gas • 10 mins	3.359	+0.166	+5.20%
Heating Oil • 11 mins	2.273	+0.047	+2.09%

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EUR/USD: Support at 1.2998 Has Held Thus Far

By - Feb 28, 2013, 5:09 AM CST

EUR/USD has broken a significant support at 1.3257 (16/01/2013 low, see also the rising trendline). However, the key support at 1.2998 (04/01/2013 low) has thus far held. The hourly resistance at 1.3145 (22/02/2013 low) is challenged. Another resistance is at 1.3319 (25/02/2013 high).

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. However, a failure to break the resistance at 1.3319 would favour a bearish head and shoulders formation.

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