Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	953.70	-2.90	-0.30%
WTI Crude •10 mins	66.37	-0.58	-0.87%
Gasoline •11 mins	2.145	-0.019	-0.89%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.56	-0.58	-0.83%
Natural Gas • 10 mins	4.118	-0.020	-0.48%
Heating Oil • 10 mins	2.168	-0.021	-0.94%

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EUR/USD: Short-Term Double-Top Validated

By - Dec 19, 2013, 5:36 AM CST

EUR/USD has broken the support at 1.3709, validating a short-term double-top. A test of the key support at 1.3621 is expected as long as prices remain below the resistance at 1.3723 (17/12/2013 low).

In the longer term, the decline from the peak at 1.3832 (25/10/2013 high) indicates a significant exhaustion of buying interest. Coupled with overbought conditions and other nearby resistances such as the long-term declining trendline from the 2008 peak at 1.6038 (around 1.3917) and the psychological threshold at 1.4000, the upside potential seems limited.

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