Commodity Prices

Gold •812 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,778.80	+10.60	+0.60%
WTI Crude •11 mins	91.43	-0.73	-0.79%
Gasoline •18 mins	3.573	-0.014	-0.40%
Ethanol •812 days	2.161	+0.000	+0.00%
Silver •812 days	30.82	+1.16	+3.92%

Silver • 812 days	30.82	+1.16	+3.92%
Copper • 812 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	102.24	-0.84	-0.81%
Natural Gas • 11 mins	3.055	+0.032	+1.06%
Heating Oil • 21 mins	4.801	+0.024	+0.51%

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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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