Commodity Prices

Gold •626 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,970.50	+26.80	+1.38%
WTI Crude •1 day	98.23	+2.68	+2.80%
Gasoline •1 day	3.286	+0.159	+5.09%
Ethanol •626 days	2.161	+0.000	+0.00%
Silver •626 days	30.82	+1.16	+3.92%

Silver • 626 days	30.82	+1.16	+3.92%
Copper • 626 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	112.19	+3.54	+3.26%
Natural Gas • 1 day	3.095	-0.071	-2.24%
Heating Oil • 1 day	4.608	+0.266	+6.14%

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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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