Commodity Prices

Gold •734 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,648.80	-14.20	-0.85%
WTI Crude •11 mins	72.28	+1.84	+2.61%
Gasoline •11 mins	3.000	+0.046	+1.56%
Ethanol •734 days	2.161	+0.000	+0.00%
Silver •734 days	30.82	+1.16	+3.92%

Silver • 734 days	30.82	+1.16	+3.92%
Copper • 734 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.11	+1.95	+2.63%
Natural Gas • 11 mins	3.283	+0.018	+0.55%
Heating Oil • 12 mins	3.360	+0.058	+1.77%

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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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