Commodity Prices

Gold •303 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.10	-1.00	-0.10%
WTI Crude •1 hour	58.29	-0.95	-1.60%
Gasoline •1 hour	2.020	-0.029	-1.43%
Ethanol •303 days	2.161	+0.000	+0.00%
Silver •303 days	30.82	+1.16	+3.92%

Silver • 303 days	30.82	+1.16	+3.92%
Copper • 303 days	4.530	+0.111	+2.51%
Brent Crude • 20 mins	61.29	-0.84	-1.35%
Natural Gas • 1 hour	3.630	+0.151	+4.34%
Heating Oil • 1 hour	1.993	-0.019	-0.93%

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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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