Commodity Prices

Gold •711 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,712.20	+46.50	+2.79%
WTI Crude •1 day	84.88	-2.83	-3.23%
Gasoline •1 day	3.050	-0.052	-1.66%
Ethanol •711 days	2.161	+0.000	+0.00%
Silver •711 days	30.82	+1.16	+3.92%

Silver • 711 days	30.82	+1.16	+3.92%
Copper • 711 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	87.33	-3.05	-3.37%
Natural Gas • 1 day	3.120	+0.033	+1.07%
Heating Oil • 1 day	3.404	-0.109	-3.09%

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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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