Commodity Prices

Gold •338 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,168.10	+31.60	+2.78%
WTI Crude •17 hours	64.58	+1.21	+1.91%
Gasoline •17 hours	2.077	+0.014	+0.67%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •338 days	30.82	+1.16	+3.92%

Silver • 338 days	30.82	+1.16	+3.92%
Copper • 338 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	66.47	+1.13	+1.73%
Natural Gas • 17 hours	3.784	+0.107	+2.91%
Heating Oil • 17 hours	2.125	+0.031	+1.47%

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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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