Commodity Prices

Gold •808 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,806.40	+12.10	+0.67%
WTI Crude •1 day	99.40	-2.51	-2.46%
Gasoline •1 day	3.510	+0.003	+0.07%
Ethanol •808 days	2.161	+0.000	+0.00%
Silver •808 days	30.82	+1.16	+3.92%

Silver • 808 days	30.82	+1.16	+3.92%
Copper • 808 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.87	-0.95	-0.91%
Natural Gas • 1 day	2.901	+0.000	+0.00%
Heating Oil • 1 day	5.040	-0.074	-1.45%

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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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