Commodity Prices

Gold •10 mins	2,392.70	-5.30	-0.22%
Platinum •20 mins	942.00	-12.50	-1.31%
WTI Crude •10 mins	81.98	-0.75	-0.91%
Gasoline •11 mins	2.685	-0.029	-1.06%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.29	-0.06	-0.19%

Silver • 10 mins	28.29	-0.06	-0.19%
Copper • 10 mins	4.467	+0.031	+0.69%
Brent Crude • 10 mins	86.31	-0.80	-0.92%
Natural Gas • 10 mins	1.738	-0.019	-1.08%
Heating Oil • 11 mins	2.520	-0.014	-0.55%

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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.

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