Commodity Prices

Gold •530 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,838.30	+22.40	+1.23%
WTI Crude •11 mins	55.86	-0.96	-1.69%
Gasoline •11 mins	1.712	-0.021	-1.19%
Ethanol •530 days	2.161	+0.000	+0.00%
Silver •530 days	30.82	+1.16	+3.92%

Silver • 530 days	30.82	+1.16	+3.92%
Copper • 530 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	59.64	-0.92	-1.52%
Natural Gas • 11 mins	3.914	-0.098	-2.44%
Heating Oil • 11 mins	2.158	-0.022	-1.02%

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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