Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.80	-0.80	-0.08%
WTI Crude •10 mins	62.23	-0.04	-0.06%
Gasoline •1 hour	2.084	-0.016	-0.75%
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 • 47 mins	66.12	-1.32	-1.96%
Natural Gas • 14 mins	3.006	-0.016	-0.53%
Heating Oil • 26 mins	2.126	-0.001	-0.02%

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EUR/USD: Recent Low at 129.85 Has Held Thus Far

By - Jul 01, 2013, 5:48 AM CDT

EUR/USD still exhibits a succession of lower highs. However, the recent low at 1.2985 has held thus far. Monitor the resistance at 1.3103, as a break would improve the short-term technical configuration. Another support can be found at 1.2942, while another resistance lies at 1.3151.

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 high at 1.3417 (19/06/2013 high) following Bernanke's comments is a significant top. A minimum medium-term move towards the support at 1.2797 (17/05/2013 low) is expected.

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