Commodity Prices

Gold •800 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.60	-3.50	-0.19%
WTI Crude •8 hours	100.05	-2.43	-2.37%
Gasoline •8 hours	3.307	-0.086	-2.53%
Ethanol •800 days	2.161	+0.000	+0.00%
Silver •800 days	30.82	+1.16	+3.92%

Silver • 800 days	30.82	+1.16	+3.92%
Copper • 800 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	104.61	-3.02	-2.81%
Natural Gas • 8 hours	2.831	-0.003	-0.11%
Heating Oil • 8 hours	4.959	-0.098	-1.94%

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EUR/USD: Grinding Higher Towards Resistance at 1.3004

By - Sep 13, 2012, 5:07 AM CDT

EUR/USD continues to move higher despite deep overbought conditions. Monitor the strong resistance at 1.3004 (which is also a psychological level). Support is at 1.2755 (11/09/2012 low).

The lack of base formation or sell-off suggests that the current strength in EUR is a rebound within an underlying downtrend. Given the current overbought conditions, we are waiting for signs of weakness to initiate a short EUR position.

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