Commodity Prices

Gold •711 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,772.90	+60.70	+3.55%
WTI Crude •11 mins	80.48	-4.40	-5.18%
Gasoline •11 mins	2.959	-0.091	-2.98%
Ethanol •712 days	2.161	+0.000	+0.00%
Silver •711 days	30.82	+1.16	+3.92%

Silver • 711 days	30.82	+1.16	+3.92%
Copper • 711 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	83.14	-4.19	-4.80%
Natural Gas • 11 mins	3.137	+0.017	+0.54%
Heating Oil • 11 mins	3.278	-0.126	-3.71%

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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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