Commodity Prices

Gold •409 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.20	-16.30	-1.20%
WTI Crude •1 day	62.80	-1.16	-1.81%
Gasoline •1 day	2.073	-0.037	-1.74%
Ethanol •409 days	2.161	+0.000	+0.00%
Silver •409 days	30.82	+1.16	+3.92%

Silver • 409 days	30.82	+1.16	+3.92%
Copper • 409 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.85	-0.99	-1.48%
Natural Gas • 1 day	2.916	+0.075	+2.64%
Heating Oil • 1 day	2.225	-0.010	-0.43%

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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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