Commodity Prices

Gold •518 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,663.00	+12.80	+0.78%
WTI Crude •11 mins	59.08	+0.44	+0.75%
Gasoline •11 mins	1.833	+0.003	+0.17%
Ethanol •518 days	2.161	+0.000	+0.00%
Silver •518 days	30.82	+1.16	+3.92%

Silver • 518 days	30.82	+1.16	+3.92%
Copper • 518 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.83	+0.38	+0.61%
Natural Gas • 11 mins	4.997	+0.157	+3.24%
Heating Oil • 11 mins	2.311	-0.002	-0.09%

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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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