Commodity Prices

Gold •631 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,838.40	-18.90	-1.02%
WTI Crude •11 mins	96.99	+2.51	+2.66%
Gasoline •11 mins	3.211	+0.081	+2.58%
Ethanol •631 days	2.161	+0.000	+0.00%
Silver •631 days	30.82	+1.16	+3.92%

Silver • 631 days	30.82	+1.16	+3.92%
Copper • 631 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.77	+2.76	+2.56%
Natural Gas • 11 mins	3.063	+0.064	+2.13%
Heating Oil • 11 mins	4.361	+0.087	+2.04%

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EUR/USD - Return to Channel Resistance Expected

By - Mar 01, 2012, 5:49 AM CST

EUR/USD has seen a pullback within the confines of a rising hourly channel. Support is anticipated close to current levels for a further attempt at channel resistance.

The move over 1.3322 should be the trigger for further gains going forward, with support at 1.3140/1.3322 (weekly gap/old swing high) seen holding for an attack on 1.3510/1.3524 (reaction high/channel resistance) ahead of the 200 day moving average, currently at 1.3724.

Settlement below 1.3187 would suggest stalling upside momentum, while loss of 1.2976/1.3058 (reaction low/channel support) would suggest that the rebound from 1.2624 was corrective, threatening a breakdown towards 1.2879 ahead of the major swing low at 1.2624 initially.

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