Ellioww wave and technical analysis on EUR/USD; TLT and Natural Gas

 EUR/USD - Finished its first wave down from 133.85 at 130.33 (just above neckline support at 130.10) and we are now building red wave 2 which I expect will finish near 131.65 and from there a new decline to the neckline should be seen. Any break below the neckline support will open up the downside for a new decline towards the 126.50 area.





TLT - First see my post here (http://theelliottwavesufer.blogspot.com/2012/01/elliott-wave-and-technical-analysis-on_24.html)

Made it to 110.20 just above my target. As long as support at 109.80 protects the downside we could see a new rally towards the two tops in the 123.15 - 125.05 area, but any break below 109.80 will increase the downside pressure and call for a decline towards at least 102.95 and possibly 98.55.







Natural Gas - Is once again testing new lows, but we are in an area where a failure break to the downside is more that likely. However we need a break above 2.20 to ease the downside pressure and a break above 2.40 will call for an important long term bottom.