Commodity Prices

Gold •677 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,157.00	+30.70	+1.44%
WTI Crude •11 mins	98.24	+0.17	+0.17%
Gasoline •11 mins	3.606	+0.006	+0.16%
Ethanol •677 days	2.161	+0.000	+0.00%
Silver •677 days	30.82	+1.16	+3.92%

Silver • 677 days	30.82	+1.16	+3.92%
Copper • 677 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	104.45	+0.24	+0.23%
Natural Gas • 11 mins	2.926	+0.016	+0.55%
Heating Oil • 12 mins	3.983	+0.014	+0.36%

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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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