Commodity Prices

Gold •14 mins	2,323.80	-22.60	-0.96%
Platinum •14 mins	922.40	-8.90	-0.96%
WTI Crude •10 mins	82.40	+0.50	+0.61%
Gasoline •10 mins	2.692	+0.007	+0.25%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.00	-0.25	-0.92%

Silver • 14 mins	27.00	-0.25	-0.92%
Copper • 14 mins	4.420	-0.056	-1.25%
Brent Crude • 10 mins	87.51	+0.51	+0.59%
Natural Gas • 10 mins	1.786	-0.005	-0.28%
Heating Oil • 13 mins	2.580	+0.020	+0.77%

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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).