Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,941.60	+41.00	+2.16%
WTI Crude •10 mins	108.73	+1.85	+1.73%
Gasoline •51 mins	3.742	+0.001	+0.02%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	122.00	+3.97	+3.36%
Natural Gas • 12 mins	2.632	-0.015	-0.57%
Heating Oil • 36 mins	4.213	+0.015	+0.35%

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EUR/USD: Hourly Double-Bottom Validated

By - Mar 08, 2013, 5:41 AM CST

EUR/USD has broken the hourly resistance at 1.3075 (05/03/2013 high), validating an hourly double-bottom. A test of the resistance at 1.3162 (28/02/2013 high, see also the declining trendline) is likely. An hourly support is at 1.3071 (06/03/2013 high).

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 break of the support at 1.2967 (01/03/2013 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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