Commodity Prices

Gold •483 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,583.40	-1.40	-0.09%
WTI Crude •20 mins	60.48	+0.33	+0.55%
Gasoline •33 mins	1.974	+0.049	+2.52%
Ethanol •483 days	2.161	+0.000	+0.00%
Silver •483 days	30.82	+1.16	+3.92%

Silver • 483 days	30.82	+1.16	+3.92%
Copper • 483 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	64.95	+0.55	+0.85%
Natural Gas • 3 hours	3.376	+0.031	+0.93%
Heating Oil • 20 mins	2.424	+0.037	+1.55%

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EUR/USD: Bullish Breakout of the Triangle Favours Further Strength

By - Oct 17, 2012, 5:52 AM CDT

EUR/USD has broken to the upside out of its symmetrical triangle, which calls for further strength towards 1.3320. Monitor the resistance at 1.3172 (17/09/2012 high). An hourly support is at 1.3016 (intraday 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), the recent improvements suggest that the rise that started in July 2012 is not over.

Daily Technical Report