Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	951.70	+7.70	+0.82%
WTI Crude •10 mins	67.87	-0.83	-1.21%
Gasoline •10 mins	1.961	-0.021	-1.06%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.70	-0.86	-1.19%
Natural Gas • 10 mins	2.716	-0.069	-2.48%
Heating Oil • 12 mins	2.183	-0.029	-1.31%

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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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