Commodity Prices

Gold •861 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,539.60	+1.10	+0.07%
WTI Crude •11 mins	86.94	+0.41	+0.47%
Gasoline •12 mins	2.610	+0.003	+0.11%
Ethanol •861 days	2.161	+0.000	+0.00%
Silver •861 days	30.82	+1.16	+3.92%

Silver • 861 days	30.82	+1.16	+3.92%
Copper • 861 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	93.34	+0.58	+0.63%
Natural Gas • 11 mins	3.239	+0.024	+0.75%
Heating Oil • 11 mins	4.230	+0.018	+0.44%

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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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