Commodity Prices

Gold •474 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,646.00	-6.20	-0.38%
WTI Crude •46 mins	57.38	-0.14	-0.24%
Gasoline •26 mins	1.823	-0.007	-0.39%
Ethanol •474 days	2.161	+0.000	+0.00%
Silver •474 days	30.82	+1.16	+3.92%

Silver • 474 days	30.82	+1.16	+3.92%
Copper • 474 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	60.83	-0.18	-0.30%
Natural Gas • 12 mins	3.384	-0.013	-0.38%
Heating Oil • 46 mins	2.179	-0.013	-0.61%

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EUR/CHF Minor Bounce From Range Floor

By - Apr 02, 2012, 6:03 AM CDT

EUR/CHF has seen a test of the 1.2000/1.2040 support zone but early signs of basing have been noted.

While short-term activity could remain subdued the overall tone remains negative after the failure to sustain the break above resistance at 1.2127 and while 1.2100/1.2127 caps, we see risk of an attack on 1.2000/1.2040, below which could then see an acceleration of the major downtrend towards 1.1500.

Settlement above the 1.2100-1.2127 zone would suggest base pattern completion calling for a return to broken support at 1.2226, above which would turn the focus to the 1.2474 swing high.

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