Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,379.40	+27.50	+2.03%
WTI Crude •10 mins	65.42	-0.10	-0.15%
Gasoline •2 days	2.069	+0.000	+0.00%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 30 mins	67.77	+0.97	+1.45%
Natural Gas • 10 mins	3.674	-0.065	-1.74%
Heating Oil • 2 days	2.241	+0.000	+0.00%

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EUR/USD: Weak Rebound Thus Far

By - Mar 06, 2013, 5:21 AM CST

EUR/USD has thus far successfully tested its key support at 1.2998 (04/01/2013 low) on a daily close basis. However, it remains under the negative influence of its declining trendline. Hourly resistances can be found at 1.3101 (01/03/2013 high) and 1.3162 (28/02/2013 high). Monitor the support implied by the recent low at 1.2967 (01/03/2013low).

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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