Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,377.40	+0.80	+0.06%
WTI Crude •11 mins	63.83	-0.22	-0.34%
Gasoline •22 mins	2.021	-0.008	-0.37%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.75	-0.20	-0.29%
Natural Gas • 11 mins	3.076	-0.024	-0.77%
Heating Oil • 12 mins	2.347	-0.008	-0.34%

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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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