Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	986.50	-8.70	-0.87%
WTI Crude •10 mins	69.98	-1.73	-2.41%
Gasoline •10 mins	2.249	-0.082	-3.53%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.26	-1.69	-2.25%
Natural Gas • 10 mins	4.001	-0.054	-1.33%
Heating Oil • 10 mins	2.252	-0.070	-3.03%

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EUR/USD: Meets Strong Resistance Close to 1.330

By - Aug 01, 2013, 5:23 AM CDT

EUR/USD has met strong resistance after testing above the 1.3300 level. Yesterday's push higher tested above falling daily trend-line resistance, potentially leaving a false break higher. Supports are at 1.3164 (23/07/2013 low) and 1.3067 (18/07/2013 low). However, a break over yesterday's high at 1.3345 will open up a return to 1.3417 (19/06/2013 high).

Short-term oscillators are approaching overbought conditions. Coupled with the significant resistance at 1.3417, the short-term upside potential is likely limited.

In the longer-term, EUR/USD does not exhibit a clear trend. As we eventually expect to see prices moving below the key support at 1.2662 (13/11/2012 low), we continue to favour a medium-term bearish bias.

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