Commodity Prices

Gold •431 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,409.10	+22.40	+1.62%
WTI Crude •11 mins	63.10	+1.23	+1.99%
Gasoline •11 mins	1.992	+0.028	+1.43%
Ethanol •431 days	2.161	+0.000	+0.00%
Silver •431 days	30.82	+1.16	+3.92%

Silver • 431 days	30.82	+1.16	+3.92%
Copper • 431 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.80	+1.30	+1.98%
Natural Gas • 11 mins	3.152	+0.104	+3.41%
Heating Oil • 11 mins	2.332	+0.045	+1.97%

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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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