Commodity Prices

Gold •779 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,895.70	+56.60	+3.08%
WTI Crude •7 hours	87.06	+0.23	+0.26%
Gasoline •7 hours	3.348	+0.085	+2.61%
Ethanol •779 days	2.161	+0.000	+0.00%
Silver •779 days	30.82	+1.16	+3.92%

Silver • 779 days	30.82	+1.16	+3.92%
Copper • 779 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	94.39	+0.61	+0.65%
Natural Gas • 7 hours	2.773	+0.040	+1.46%
Heating Oil • 7 hours	4.495	+0.015	+0.32%

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EUR/USD: Retest of the Broken Resistance at 1.2971

By - Oct 08, 2012, 6:40 AM CDT

EUR/USD is testing the support implied by the broken resistance at 1.2971. The recent shortterm base formation (see also bearish head and shoulders in USD/CHF) favours further shortterm strength. Monitor the hourly support at 1.2968 (02/10/2012 high).

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), the rise that started in July 2012 is likely not over yet.

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