Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	974.30	+3.80	+0.39%
WTI Crude •10 mins	70.53	+0.43	+0.61%
Gasoline •20 mins	2.067	+0.007	+0.35%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	74.62	+0.39	+0.53%
Natural Gas • 10 mins	3.467	+0.128	+3.83%
Heating Oil • 15 mins	2.282	+0.007	+0.31%

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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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