Commodity Prices

Gold •658 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,089.50	+48.70	+2.39%
WTI Crude •11 mins	93.03	+3.36	+3.75%
Gasoline •11 mins	3.355	+0.145	+4.51%
Ethanol •658 days	2.161	+0.000	+0.00%
Silver •658 days	30.82	+1.16	+3.92%

Silver • 658 days	30.82	+1.16	+3.92%
Copper • 658 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	102.07	+3.59	+3.65%
Natural Gas • 11 mins	2.720	+0.023	+0.85%
Heating Oil • 11 mins	3.949	+0.221	+5.92%

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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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