Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	943.80	-0.20	-0.02%
WTI Crude •10 mins	68.41	-0.29	-0.42%
Gasoline •10 mins	1.972	-0.009	-0.47%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.23	-0.33	-0.45%
Natural Gas • 11 mins	2.764	-0.021	-0.75%
Heating Oil • 10 mins	2.204	-0.009	-0.39%

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EUR/USD: Short-Term Double-Top Formation Validated

By - Feb 27, 2014, 5:22 AM CST

EUR/USD has broken the support at 1.3692, validating a short-term double-top with an implied target at 1.3611. Monitor the hourly support at 1.3657 (see also 38.2% retracement). Another support lies at 1.3562. An hourly resistance now stands at 1.3702 (21/02/2014 low). Another resistance is at 1.3773.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). The recent weakness and the overbought conditions suggest that downside risks currently outweigh upside potentials.

Daily Technical Report