Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	969.40	-1.10	-0.11%
WTI Crude •10 mins	70.20	+0.10	+0.14%
Gasoline •10 mins	2.043	-0.016	-0.80%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.20	-0.03	-0.04%
Natural Gas • 10 mins	3.135	-0.204	-6.11%
Heating Oil • 10 mins	2.258	-0.016	-0.71%

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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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