Commodity Prices

Gold •10 mins	2,413.80	+15.80	+0.66%
Platinum •10 mins	943.80	-10.70	-1.12%
WTI Crude •17 hours	83.14	+0.41	+0.50%
Gasoline •17 hours	2.710	-0.003	-0.13%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.84	+0.46	+1.63%

Silver • 10 mins	28.84	+0.46	+1.63%
Copper • 10 mins	4.498	+0.061	+1.37%
Brent Crude • 16 hours	87.29	+0.18	+0.21%
Natural Gas • 17 hours	1.752	-0.005	-0.28%
Heating Oil • 17 hours	2.541	+0.007	+0.29%

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EUR/USD: New Swing Highs

By - Feb 23, 2012, 6:09 AM CST

EUR/USD has extended the advance to breach the previous swing high at 1.3322 suggesting completion of a corrective pullback at 1.2974 on 16th February.

Sustained breach of 1.3322 would signal an extension of the advance from the 1.2624 January swing low, with support at 1.2974/1.3187 (reaction low/weekly gap) seen holding for an attack on 1.3510/1.3548 (reaction high/channel resistance) ahead of the 200 day moving average, currently at 1.3735.

Settlement below 1.2974/1.3187 from here would suggest topping, threatening breakdown towards the old breakpoint at 1.2879 ahead of the major swing low at 1.2624 initially in a resumption of the 1.4247 decline.

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