Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.00	-1.60	-0.16%
WTI Crude •10 mins	62.40	+0.13	+0.21%
Gasoline •1 hour	2.081	-0.003	-0.12%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.25	+0.13	+0.20%
Natural Gas • 10 mins	2.999	-0.023	-0.76%
Heating Oil • 1 hour	2.122	-0.005	-0.22%

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Euro Maintains Short-Term Downtrend

By - Mar 19, 2012, 5:41 AM CDT

EUR/USD is still maintaining its short-term downtrend from late February, while capped beneath last Fridayâ€™s high.

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 1.3291 (09th March high) and 1.3436/60 unlocks an extended recovery into our upside target zones at 1.3630 and 1.3638 (200-day average).

Inversely, the USD Index is continuing to hold its short-term uptrend which had been launched 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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