Commodity Prices

Gold •836 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,633.10	+11.60	+0.72%
WTI Crude •1 day	101.41	+3.44	+3.51%
Gasoline •1 day	3.235	+0.055	+1.74%
Ethanol •836 days	2.161	+0.000	+0.00%
Silver •836 days	30.82	+1.16	+3.92%

Silver • 836 days	30.82	+1.16	+3.92%
Copper • 836 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	109.86	+3.94	+3.72%
Natural Gas • 1 day	3.116	-0.120	-3.71%
Heating Oil • 1 day	4.899	+0.054	+1.10%

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EUR/USD: Short-Term Recovery Higher Favoured

By - Jun 03, 2013, 5:33 AM CDT

EUR/USD: Short-Term Recovery Higher Favoured - MIG Bank - June 3/13

EUR/USD has broken its resistances at 1.2998 (22/02/2013 high) and is challenging the one at 1.3051. Short-term structure remains mildly bullish and while above the 1.2746 May 2013 low, scope is seen for a continuation of this near-term strength.

In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. The recent break of the resistance at 1.3029 (14/05/2013 high) suggests a longer horizontal consolidation before an eventual move lower.

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