Commodity Prices

Gold •174 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	964.80	+13.30	+1.40%
WTI Crude •8 hours	70.10	+0.86	+1.24%
Gasoline •8 hours	1.959	+0.021	+1.06%
Ethanol •174 days	2.161	+0.000	+0.00%
Silver •174 days	30.82	+1.16	+3.92%

Silver • 174 days	30.82	+1.16	+3.92%
Copper • 174 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	73.58	+0.95	+1.31%
Natural Gas • 8 hours	3.946	+0.290	+7.93%
Heating Oil • 8 hours	2.222	-0.005	-0.22%

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AUD/USD: Moving Sharply Lower

By - May 02, 2013, 5:02 AM CDT

AUD/USD collapsed yesterday close to its resistance at 1.0398. It is now close to its previous low and support at 1.0221. Another support is at 1.0202 (11/03/2013 low). An hourly resistance is at 1.0299.

A test of the key support area between 1.0177 and 1.0115 (04/03/2013 low) is expected as long as prices remain below the resistance at 1.0398.

In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high). The direction of the break of this range is expected to give the next medium-term trend.

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