Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •14 hours	101.94	-3.13	-2.98%
Gasoline •14 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	108.17	-2.23	-2.02%
Natural Gas • 14 hours	2.780	+0.013	+0.47%
Heating Oil • 14 hours	3.946	-0.135	-3.30%

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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.

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