Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,377.40	-13.90	-1.00%
WTI Crude •10 mins	68.83	+0.50	+0.73%
Gasoline •10 mins	2.202	+0.017	+0.77%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.61	+0.46	+0.66%
Natural Gas • 10 mins	3.293	-0.047	-1.41%
Heating Oil • 10 mins	2.457	+0.016	+0.66%

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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).