Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.00	-1.60	-0.16%
WTI Crude •10 mins	62.63	+0.36	+0.58%
Gasoline •11 mins	2.104	+0.020	+0.96%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.36	+0.24	+0.36%
Natural Gas • 10 mins	2.928	-0.094	-3.11%
Heating Oil • 11 mins	2.143	+0.016	+0.77%

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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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