Commodity Prices

Gold •787 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,854.30	+0.50	+0.03%
WTI Crude •1 day	83.40	-0.13	-0.16%
Gasoline •1 day	3.490	+0.106	+3.12%
Ethanol •787 days	2.161	+0.000	+0.00%
Silver •787 days	30.82	+1.16	+3.92%

Silver • 787 days	30.82	+1.16	+3.92%
Copper • 787 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	88.10	-0.42	-0.47%
Natural Gas • 1 day	2.888	-0.026	-0.89%
Heating Oil • 1 day	4.357	+0.078	+1.82%

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EUR/USD Holding Steady At Key Support Level

By - Apr 09, 2012, 5:25 AM CDT

EUR/USD is temporarily holding steady around a key multi-month reversal pattern support level. The sharp sell-off has also been weighed down by a recent DeMark™ exhaustion signal.

Meanwhile, the bears need to close decisively below 1.3000 (psychological support), in order to extend the important multi-month reversal pattern into 1.2626 (16 Jan swing low).

Only a sustained daily close back above 1.3460 unlocks an extended recovery into our upside target zone at 1.3555 (200-day average).

Inversely, the USD Index is still holding its latest rebounded from key support at 78.66/10 (04 March low/TD Level), which was coupled with a DeMark™ buy signal.

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 the bullish cycle into 80.73 (15th March high) and 81.78 (13th Jan swing/12 month high).

Daily Technical Report