Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	990.20	-5.20	-0.52%
WTI Crude •12 hours	62.49	+0.87	+1.41%
Gasoline •12 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	65.41	+0.88	+1.36%
Natural Gas • 12 hours	3.334	-0.028	-0.83%
Heating Oil • 12 hours	2.141	-0.025	-1.17%

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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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