Commodity Prices

Gold •565 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,383.20	+60.50	+2.60%
WTI Crude •11 mins	59.39	+0.05	+0.08%
Gasoline •11 mins	1.788	+0.002	+0.13%
Ethanol •565 days	2.161	+0.000	+0.00%
Silver •565 days	30.82	+1.16	+3.92%

Silver • 565 days	30.82	+1.16	+3.92%
Copper • 565 days	4.530	+0.111	+2.51%
Brent Crude • 47 mins	63.94	-0.19	-0.30%
Natural Gas • 11 mins	3.578	+0.475	+15.31%
Heating Oil • 11 mins	2.282	+0.044	+1.97%

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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