Commodity Prices

Gold •751 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,604.10	-4.70	-0.29%
WTI Crude •9 hours	89.31	-2.88	-3.12%
Gasoline •9 hours	3.396	-0.101	-2.87%
Ethanol •751 days	2.161	+0.000	+0.00%
Silver •751 days	30.82	+1.16	+3.92%

Silver • 751 days	30.82	+1.16	+3.92%
Copper • 751 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	96.78	-3.91	-3.88%
Natural Gas • 9 hours	2.871	-0.045	-1.54%
Heating Oil • 9 hours	4.181	-0.161	-3.71%

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EUR/USD: Strong Resistance at 1.3004 Breached

By - Sep 14, 2012, 5:45 AM CDT

EUR/USD has burst higher yesterday. The strong resistance at 1.3004 (which is also a psychological level) is failing, thus far, to cap Euro appreciation. The next strong horizontal resistance is at 1.3284. Hourly support is at 1.2977.

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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