Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.10	-3.50	-0.35%
WTI Crude •10 mins	71.15	-0.05	-0.07%
Gasoline •10 mins	2.308	+0.005	+0.23%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.43	-0.06	-0.08%
Natural Gas • 10 mins	3.966	+0.015	+0.38%
Heating Oil • 10 mins	2.297	+0.008	+0.37%

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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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