Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	977.70	-1.90	-0.19%
WTI Crude •10 mins	62.87	+0.60	+0.96%
Gasoline •10 mins	2.095	+0.011	+0.52%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.67	+0.55	+0.83%
Natural Gas • 11 mins	2.977	-0.045	-1.49%
Heating Oil • 35 mins	2.139	+0.012	+0.57%

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EUR/USD: Making a Marginal New Low

By - Mar 14, 2013, 6:04 AM CDT

EUR/USD has breached its support at 1.2967 (01/03/2013 low), but the current lack of followthrough could indicate a false breakout. An hourly resistance is at 1.3000 (intraday low). However, a break of the resistance at 1.3074 (12/03/2013 low, see also the declining trendline) is needed to negate the short-term bearish bias. An hourly support is at 1.2924 (13/03/2013 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. A key support is at 1.2662 (13/11/2012 low).

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