Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,142.30	+5.80	+0.51%
WTI Crude •10 mins	63.17	-0.20	-0.32%
Gasoline •10 mins	2.060	-0.003	-0.14%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.18	-0.16	-0.24%
Natural Gas • 11 mins	3.674	-0.003	-0.08%
Heating Oil • 23 mins	2.092	-0.002	-0.11%

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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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