Commodity Prices

Gold •15 mins	2,346.90	+4.40	+0.19%
Platinum •15 mins	931.00	+10.50	+1.14%
WTI Crude •10 mins	83.82	+0.25	+0.30%
Gasoline •49 mins	2.769	+0.011	+0.41%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.78	+0.15	+0.53%

Silver • 15 mins	27.78	+0.15	+0.53%
Copper • 15 mins	4.589	+0.050	+1.10%
Brent Crude • 13 mins	89.32	+0.31	+0.35%
Natural Gas • 11 mins	1.561	-0.077	-4.70%
Heating Oil • 2 hours	2.560	+0.010	+0.38%

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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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