Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	946.70	+2.70	+0.29%
WTI Crude •10 mins	68.13	-0.57	-0.83%
Gasoline •15 mins	1.965	-0.017	-0.84%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.97	-0.59	-0.81%
Natural Gas • 11 mins	2.748	-0.037	-1.33%
Heating Oil • 10 mins	2.196	-0.017	-0.75%

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Daily Technical Report

By - Oct 28, 2011, 5:54 AM CDT

EUR/USD's short-term bullish recovery is holding steady above the long-term 200-day MA at 1.4101, following the recent positive EU news. The move has temporarily neutralised the larger bearish downtrend from April.

Failure to hold above the 200-day MA will warn of an emotionally charged bull-trap and ultimately a sharp downside reversal through 1.3799 (26th Oct low) and 1.3653 (18th Oct low), with scope into 1.3146 (Oct swing low).