Commodity Prices

Gold •473 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,645.00	+25.50	+1.57%
WTI Crude •11 mins	57.05	-0.49	-0.85%
Gasoline •11 mins	1.824	-0.014	-0.75%
Ethanol •473 days	2.161	+0.000	+0.00%
Silver •473 days	30.82	+1.16	+3.92%

Silver • 473 days	30.82	+1.16	+3.92%
Copper • 473 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.58	-0.71	-1.16%
Natural Gas • 11 mins	3.325	+0.317	+10.54%
Heating Oil • 11 mins	2.181	+0.001	+0.06%

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EUR/USD: Bouncing Near Support at 1.2797

By - Jul 09, 2013, 5:43 AM CDT

EUR/USD bounced yesterday near the support at 1.2797. Resistances are at 1.2932 (see also the declining channel) and 1.3032. An initial support lies at 1.2846 (intraday low).

In the medium-term, the rise from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. Therefore, we eventually expect to see prices moving below the key support at 1.2662 (13/11/2012 low). However, the short-term oversold conditions and the strong support area between 1.2662 (13/11/2012 low) and 1.2797 favour a short-term rebound.

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