Commodity Prices

Gold •349 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,257.40	-4.30	-0.34%
WTI Crude •10 mins	75.21	+0.37	+0.49%
Gasoline •32 mins	2.287	+0.015	+0.66%
Ethanol •349 days	2.161	+0.000	+0.00%
Silver •349 days	30.82	+1.16	+3.92%

Silver • 349 days	30.82	+1.16	+3.92%
Copper • 349 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	76.45	+3.22	+4.40%
Natural Gas • 12 mins	3.880	+0.029	+0.75%
Heating Oil • 23 mins	2.525	+0.019	+0.77%

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Euro Edged Higher

By - Mar 27, 2012, 5:51 AM CDT

EUR/USDâ€™s latest mid-March rebound is edging higher above key level at 1.3290/95 (internal resistance).

Only a sustained daily close back above 1.3295 and 1.3436/60 unlocks an extended recovery into our upside target zones at 1.3612/30 (200-day average).

Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low).

Inversely, the USD Index has temporarily dipped lower beneath key support at 79.07 (08 March low), with next support at 78.10.

Expect these levels to act as one of the last points of defence for a re-launch of the greenbackâ€™s recovery which is still part of the bullish cycle into 80.73 (15th March high) and 81.78 (13th Jan swing/12 month high).

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