Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,621.30	-8.80	-0.54%
WTI Crude •11 mins	71.86	-0.22	-0.31%
Gasoline •12 mins	3.012	-0.027	-0.88%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.07	-0.23	-0.30%
Natural Gas • 11 mins	3.012	-0.200	-6.23%
Heating Oil • 13 mins	3.550	-0.022	-0.61%

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Euro Targets Psychological Level at 1.3000

By - Mar 14, 2012, 7:13 AM CDT

EUR/USD remains under pressure after resuming its sharp decline beneath key level at 1.3436 (50% Fib Oct/Jan decline).

The bears need to close decisively below 1.3000 (psychological support), in order to open further downside risk into 1.2630 (16 Jan swing low).

Only a confirmation back above 1.3436/60 unlocks an extended recovery into our target zones at 1.3630 and 1.3694 (200-day average).

Inversely, the USD Index is extending its latest rebound from key support at 78.25.

Expect this level to act as one of the last points of defence for a relaunch of the greenbackâ€™s recovery which is still part of our bullish cycle strategy for a further 20% gain over the multi-month period.

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