Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	935.20	-1.20	-0.13%
WTI Crude •10 mins	69.75	+0.29	+0.42%
Gasoline •14 mins	1.952	+0.010	+0.53%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.20	+0.26	+0.36%
Natural Gas • 11 mins	3.870	+0.122	+3.26%
Heating Oil • 18 mins	2.248	+0.016	+0.72%

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EUR/USD: Selling Pressure is Intensifying

By - Sep 20, 2012, 5:14 AM CDT

EUR/USD has moved below its short-term support at 1.3022. A move towards the support at 1.2755 (11/09/2012) is now expected.

The lack of base formation or sell-off suggests that the current strength in EUR is a rebound within an underlying downtrend. The current weakness near the 38.2% retracement of the decline from May 2011 to July 2012 suggests limited short-term upside potential and the start of a new down phase.

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