Commodity Prices

Gold •427 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,412.00	-43.10	-2.96%
WTI Crude •11 mins	63.42	-0.55	-0.86%
Gasoline •11 mins	2.012	-0.000	-0.01%
Ethanol •427 days	2.161	+0.000	+0.00%
Silver •427 days	30.82	+1.16	+3.92%

Silver • 427 days	30.82	+1.16	+3.92%
Copper • 427 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.04	-0.56	-0.83%
Natural Gas • 11 mins	3.115	+0.051	+1.66%
Heating Oil • 11 mins	2.325	-0.036	-1.52%

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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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