Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	995.20	-9.40	-0.94%
WTI Crude •35 mins	71.71	+0.51	+0.72%
Gasoline •35 mins	2.331	+0.029	+1.24%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.59	-0.90	-1.21%
Natural Gas • 35 mins	4.055	+0.104	+2.63%
Heating Oil • 35 mins	2.322	+0.033	+1.45%

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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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