Commodity Prices

Gold •135 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	945.10	+1.10	+0.12%
WTI Crude •14 hours	67.02	-1.68	-2.45%
Gasoline •14 hours	1.949	-0.032	-1.63%
Ethanol •135 days	2.161	+0.000	+0.00%
Silver •135 days	30.82	+1.16	+3.92%

Silver • 135 days	30.82	+1.16	+3.92%
Copper • 135 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	71.04	-1.52	-2.09%
Natural Gas • 14 hours	2.823	+0.038	+1.36%
Heating Oil • 14 hours	2.171	-0.041	-1.87%

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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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