Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,729.10	+63.40	+3.81%
WTI Crude •11 mins	86.45	-1.26	-1.44%
Gasoline •12 mins	3.062	-0.039	-1.27%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.14	-1.24	-1.37%
Natural Gas • 11 mins	3.075	-0.012	-0.39%
Heating Oil • 12 mins	3.466	-0.048	-1.35%

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EUR/USD: Bouncing on the 200 Day Moving Average

By - Sep 28, 2012, 5:43 AM CDT

EUR/USD bounced on its 200 day moving average yesterday. Monitor the hourly resistance at 1.2971 (25/09/2012).

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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