Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,361.40	-0.30	-0.02%
WTI Crude •10 mins	64.26	-0.34	-0.53%
Gasoline •7 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	68.31	-0.31	-0.45%
Natural Gas • 10 mins	2.974	+0.030	+1.02%
Heating Oil • 8 hours	2.310	+0.015	+0.63%

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EUR/CHF - Next Targets The Key 1.2000 Level

By - Feb 28, 2012, 5:52 AM CST

Breach of the lower end of the 1.2063/1.2129 trading band looks to have signalled completion of the recovery from the 1.2032 swing low posted on 1st February.

The bearish resolution to a 1.2131/1.2474 trading range in January effectively turned the major trend down and while 1.2100/1.2129 caps the likelihood is seen for a test of the 1.2032 swing low then key 1.2000 before a base can be attempted.

Sustained loss of 1.2000/1.2032 could see an acceleration of the major downtrend towards 1.1500 initially, while re-capture of 1.2100/1.2129 then broken support at 1.2226 would suggest that a solid base has formed, turning the focus to the 1.2474 swing high.

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