Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.80	-3.70	-0.38%
WTI Crude •10 mins	70.28	+0.18	+0.26%
Gasoline •14 mins	2.060	+0.000	+0.00%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.45	+0.22	+0.30%
Natural Gas • 11 mins	3.378	+0.039	+1.17%
Heating Oil • 12 mins	2.283	+0.009	+0.37%

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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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