Commodity Prices

Gold •647 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,065.20	-46.90	-2.22%
WTI Crude •1 day	95.81	-2.06	-2.10%
Gasoline •1 day	3.016	+0.015	+0.51%
Ethanol •647 days	2.161	+0.000	+0.00%
Silver •647 days	30.82	+1.16	+3.92%

Silver • 647 days	30.82	+1.16	+3.92%
Copper • 647 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	95.20	-0.72	-0.75%
Natural Gas • 1 day	2.652	-0.018	-0.67%
Heating Oil • 1 day	3.745	-0.192	-4.87%

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EUR/USD: Resistance Area Intact Thus Far

By - May 27, 2013, 5:40 AM CDT

EUR/USD faded last Friday close to its resistance area defined by 1.2998 (22/02/2013 high) and 1.3029 (14/05/2013 high). An hourly support can be found at 1.2904 (24/05/2013 low). Another support is at 1.2822 (23/05/2013 low).

A test of the strong support area between 1.2746 and 1.2662 is expected as long as prices remain below the resistance at 1.3029 (see double-top formation).

In the medium-term, the recent price action from 1.2746 is viewed as a corrective phase within a larger downtrend. The recent new lows below 1.2955 suggest the end of the rebound and a minimum return towards the key support at 1.2662 (13/11/2012 low).

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