Commodity Prices

Gold •857 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,536.90	+14.50	+0.95%
WTI Crude •17 hours	90.83	+0.31	+0.34%
Gasoline •17 hours	2.777	+0.013	+0.48%
Ethanol •857 days	2.161	+0.000	+0.00%
Silver •857 days	30.82	+1.16	+3.92%

Silver • 857 days	30.82	+1.16	+3.92%
Copper • 857 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	98.32	+0.03	+0.03%
Natural Gas • 17 hours	2.998	+0.051	+1.73%
Heating Oil • 17 hours	4.332	-0.020	-0.46%

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Euro Capped Under Key Level at 1.3460

By - Apr 03, 2012, 5:56 AM CDT

EUR/USDâ€™s latest mid-March rebound is capped under the key level at 1.3460, while also being weighed down by a renewed DeMark™ exhaustion signal.

Only a sustained daily close back above 1.3436/60 unlocks an extended recovery into our upside target zone at 1.3593 (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).

Daily Technical Report