Commodity Prices

Gold •706 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,700.10	-11.50	-0.67%
WTI Crude •11 mins	89.43	+1.23	+1.39%
Gasoline •11 mins	3.081	+0.060	+1.97%
Ethanol •706 days	2.161	+0.000	+0.00%
Silver •706 days	30.82	+1.16	+3.92%

Silver • 706 days	30.82	+1.16	+3.92%
Copper • 706 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	92.50	+1.05	+1.15%
Natural Gas • 10 mins	3.190	+0.050	+1.59%
Heating Oil • 11 mins	3.580	+0.038	+1.07%

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EUR/USD: Monitor The Test of The Support at 1.2998

By - Mar 04, 2013, 6:06 AM CST

EUR/USD has remained weak since the break of its significant support at 1.3257 (16/01/2013 low, see also the rising trendline). Monitor the test of the key support at 1.2998 (04/01/2013 low). An hourly resistance can be found at 1.3162 (28/02/2013 low). Another support is at 1.2877 (07/12/2012 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. However, a decisive break of the support at 1.2998 (04/01/2013 low) would open the way for a medium-term decline toward the strong support at 1.2662 (13/11/2012 low).

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