Commodity Prices

Gold •673 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,052.10	-10.20	-0.49%
WTI Crude •2 days	94.81	-0.27	-0.28%
Gasoline •2 days	3.456	-0.003	-0.10%
Ethanol •673 days	2.161	+0.000	+0.00%
Silver •673 days	30.82	+1.16	+3.92%

Silver • 673 days	30.82	+1.16	+3.92%
Copper • 673 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	100.06	-1.21	-1.19%
Natural Gas • 2 days	2.769	+0.039	+1.43%
Heating Oil • 2 days	3.817	+0.031	+0.82%

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EUR/USD: Bullish Breakout at 1.2748

By - Sep 10, 2012, 4:50 AM CDT

EUR/USD has broken its strong resistance at 1.2748 (see also down trendline and rising wedge). The next resistances are given by the 200-day moving average and the 15 March low (1.3004). Hourly support at 1.2697.

Given the lack of base formation or sell-off, the current strength in EUR is seen as a rebound within an underlying downtrend. Given the current overbought conditions, we are looking at signs of weakness to initiate a new short EUR position.

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