Commodity Prices

Gold •799 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,783.20	-17.90	-0.99%
WTI Crude •11 mins	103.05	+0.57	+0.56%
Gasoline •11 mins	3.422	+0.029	+0.84%
Ethanol •799 days	2.161	+0.000	+0.00%
Silver •799 days	30.82	+1.16	+3.92%

Silver • 799 days	30.82	+1.16	+3.92%
Copper • 799 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.12	+0.49	+0.46%
Natural Gas • 11 mins	2.832	-0.002	-0.07%
Heating Oil • 11 mins	5.119	+0.062	+1.22%

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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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