Commodity Prices

Gold •423 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.50	+8.80	+0.65%
WTI Crude •22 hours	64.01	-0.59	-0.91%
Gasoline •22 hours	2.188	-0.012	-0.52%
Ethanol •423 days	2.161	+0.000	+0.00%
Silver •423 days	30.82	+1.16	+3.92%

Silver • 423 days	30.82	+1.16	+3.92%
Copper • 423 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	68.12	-0.50	-0.73%
Natural Gas • 22 hours	2.997	+0.053	+1.80%
Heating Oil • 22 hours	2.267	-0.043	-1.87%

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EUR/USD: Surging Higher

By - Jul 11, 2013, 5:44 AM CDT

EUR/USD has risen sharply, breaking many resistance levels in the process. Resistances can now be found at 1.3207 (intraday high) and 1.3254 (21/06/2013 high). Hourly supports are at 1.3032 (03/07/2013 high) and 1.2928 (61.8% retracement of the recent rise).

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). The recent sharp rebound near the support at 1.2746 does not change this scenario.

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