Commodity Prices

Gold •748 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,661.20	+23.30	+1.42%
WTI Crude •10 mins	87.25	+2.91	+3.45%
Gasoline •10 mins	3.459	+0.053	+1.55%
Ethanol •748 days	2.161	+0.000	+0.00%
Silver •748 days	30.82	+1.16	+3.92%

Silver • 748 days	30.82	+1.16	+3.92%
Copper • 748 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	93.80	+2.79	+3.07%
Natural Gas • 11 mins	2.872	+0.007	+0.24%
Heating Oil • 11 mins	4.193	+0.066	+1.60%

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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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