Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,138.70	+8.20	+0.38%
WTI Crude •11 mins	90.99	-0.30	-0.33%
Gasoline •17 mins	3.055	-0.014	-0.47%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	94.93	+0.14	+0.15%
Natural Gas • 11 mins	2.599	-0.011	-0.42%
Heating Oil • 11 mins	3.766	+0.013	+0.33%

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EUR/USD: Moving Lower

By - Sep 25, 2012, 5:00 AM CDT

EUR/USD posted a lower low yesterday, confirming the recent Euro weakness. A further corrective phase is favoured and should lead to a test of the support at 1.2755 (11/09/2012 low, see also 38.2% retracement from previous rise) in the short-term. Short-term resistance is at 1.3048 (21/09/2012 high).

The lack of a base formation or sell-off suggests that the recent Euro strength is a rebound within an underlying downtrend. The current weakness near the 38.2% retracement of the decline from May 2011 to July 2012 suggests limited short-term upside potential and the start of a new down phase.

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