Commodity Prices

Gold •348 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,242.50	-10.70	-0.85%
WTI Crude •10 mins	72.33	+0.56	+0.78%
Gasoline •10 mins	2.230	+0.010	+0.44%
Ethanol •348 days	2.161	+0.000	+0.00%
Silver •348 days	30.82	+1.16	+3.92%

Silver • 348 days	30.82	+1.16	+3.92%
Copper • 348 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.78	+0.55	+0.75%
Natural Gas • 10 mins	3.766	+0.018	+0.48%
Heating Oil • 10 mins	2.413	+0.020	+0.82%

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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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