Commodity Prices

Gold •202 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.30	-4.50	-0.46%
WTI Crude •10 mins	75.93	+0.10	+0.13%
Gasoline •10 mins	2.067	-0.017	-0.83%
Ethanol •202 days	2.161	+0.000	+0.00%
Silver •202 days	30.82	+1.16	+3.92%

Silver • 202 days	30.82	+1.16	+3.92%
Copper • 202 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	79.40	+0.11	+0.14%
Natural Gas • 10 mins	3.825	+0.069	+1.84%
Heating Oil • 10 mins	2.532	-0.026	-1.01%

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EUR/USD: Failed to Break Resistance at 1.2971

By - Oct 03, 2012, 5:18 AM CDT

EUR/USD moved higher than its short-term down trendline yesterday but failed to break the resistance at 1.2971 (25/09/2012 high). Monitor the test of the hourly support at 1.2876 (see also up trendline). Key horizontal support at 1.2755 (11/09/2012 low).

Despite the recent sharp rise from 1.2043, the long-term trend is still negative as long as the down trendline linking the May 2011 high with the August 2011 high (currently near 1.3284) holds.

Daily Technical Report