Commodity Prices

Gold •814 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.70	+32.00	+1.81%
WTI Crude •2 hours	92.82	-1.79	-1.89%
Gasoline •2 hours	3.411	-0.154	-4.31%
Ethanol •814 days	2.161	+0.000	+0.00%
Silver •814 days	30.82	+1.16	+3.92%

Silver • 814 days	30.82	+1.16	+3.92%
Copper • 814 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	104.32	-2.28	-2.14%
Natural Gas • 2 hours	3.183	-0.114	-3.46%
Heating Oil • 2 hours	4.834	+0.104	+2.19%

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EUR/USD: Bearish Wedge is Still Capping Prices

By - Sep 05, 2012, 7:14 AM CDT

EUR/USD has declined after touching the high of its rising wedge (bearish technical pattern). Support can be found at 1.2466 (28/08/2012 low, see also up trendline).

Given the lack of base formation, the recent strength in EUR is seen as a rebound within an underlying downtrend. We would therefore look at signs of weakness close to the resistance at 1.2748 to initiate a new short EUR position.

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