Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,997.40	+53.70	+2.76%
WTI Crude •11 mins	93.55	-2.00	-2.09%
Gasoline •13 mins	3.102	-0.025	-0.81%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.43	-2.22	-2.04%
Natural Gas • 11 mins	3.133	-0.033	-1.04%
Heating Oil • 19 mins	4.269	-0.073	-1.69%

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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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