Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,718.20	+52.50	+3.15%
WTI Crude •11 mins	86.24	-1.47	-1.68%
Gasoline •11 mins	3.048	-0.054	-1.73%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.69	-1.69	-1.87%
Natural Gas • 11 mins	3.071	-0.016	-0.52%
Heating Oil • 11 mins	3.430	-0.083	-2.36%

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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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