Commodity Prices

Gold •668 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •23 hours	101.94	-3.13	-2.98%
Gasoline •23 hours	3.595	-0.020	-0.55%
Ethanol •668 days	2.161	+0.000	+0.00%
Silver •668 days	30.82	+1.16	+3.92%

Silver • 668 days	30.82	+1.16	+3.92%
Copper • 668 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	108.17	-2.23	-2.02%
Natural Gas • 23 hours	2.780	+0.013	+0.47%
Heating Oil • 23 hours	3.946	-0.135	-3.30%

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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.

Daily Technical Report