Commodity Prices

Gold •776 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,738.70	+4.90	+0.28%
WTI Crude •12 mins	85.93	+0.99	+1.17%
Gasoline •12 mins	3.323	+0.021	+0.63%
Ethanol •776 days	2.161	+0.000	+0.00%
Silver •776 days	30.82	+1.16	+3.92%

Silver • 776 days	30.82	+1.16	+3.92%
Copper • 776 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.08	+1.06	+1.16%
Natural Gas • 11 mins	2.784	+0.008	+0.29%
Heating Oil • 13 mins	4.471	+0.021	+0.47%

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EUR/USD: Short-term Rising Trendline Broken

By - Oct 10, 2012, 5:49 AM CDT

EUR/USD has broken its short-term rising trendline. A second down leg (after the one from 17 September to 1 October) is likely underway. A short-term support is at 1.2804 (01/10/2012 low).

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), we need to see a break of the support at 1.2755 (see also 38.2% retracement) to suggest that the rise that started in July 2012 is over.

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