Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	965.70	-14.60	-1.49%
WTI Crude •10 mins	62.64	-0.15	-0.24%
Gasoline •10 mins	2.105	-0.001	-0.06%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.37	-0.18	-0.27%
Natural Gas • 10 mins	2.908	-0.022	-0.75%
Heating Oil • 10 mins	2.147	+0.004	+0.17%

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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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