Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	943.80	+0.30	+0.03%
WTI Crude •10 mins	68.68	+0.25	+0.37%
Gasoline •10 mins	1.978	+0.013	+0.66%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.52	+0.24	+0.33%
Natural Gas • 10 mins	2.764	-0.219	-7.34%
Heating Oil • 11 mins	2.212	-0.008	-0.34%

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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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