Commodity Prices

Gold •495 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,596.80	+47.70	+3.08%
WTI Crude •35 mins	60.13	+0.38	+0.64%
Gasoline •35 mins	1.971	+0.031	+1.59%
Ethanol •495 days	2.161	+0.000	+0.00%
Silver •495 days	30.82	+1.16	+3.92%

Silver • 495 days	30.82	+1.16	+3.92%
Copper • 495 days	4.530	+0.111	+2.51%
Brent Crude • 24 mins	63.95	+0.32	+0.50%
Natural Gas • 35 mins	4.338	+0.023	+0.53%
Heating Oil • 35 mins	2.510	+0.028	+1.14%

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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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