Commodity Prices

Gold •715 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,669.00	-38.30	-2.24%
WTI Crude •11 mins	76.68	+0.83	+1.09%
Gasoline •12 mins	3.004	+0.009	+0.29%
Ethanol •715 days	2.161	+0.000	+0.00%
Silver •715 days	30.82	+1.16	+3.92%

Silver • 715 days	30.82	+1.16	+3.92%
Copper • 715 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	80.71	+0.86	+1.08%
Natural Gas • 11 mins	3.202	-0.031	-0.96%
Heating Oil • 11 mins	3.198	+0.071	+2.27%

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EUR/USD: Testing the 200 Day Moving Average and the Short-Term Up Trendline

By - Oct 01, 2012, 5:17 AM CDT

EUR/USD failed to break its hourly resistance at 1.2971 (25/09/2012) last Friday. It is now testing again its 200 day moving average and the shortterm up trendline. Key horizontal support at 1.2755 (11/09/2012 low).

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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