Commodity Prices

Gold •686 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,955.20	-4.40	-0.22%
WTI Crude •11 mins	99.12	+0.86	+0.88%
Gasoline •15 mins	3.496	+0.009	+0.26%
Ethanol •686 days	2.161	+0.000	+0.00%
Silver •686 days	30.82	+1.16	+3.92%

Silver • 686 days	30.82	+1.16	+3.92%
Copper • 686 days	4.530	+0.111	+2.51%
Brent Crude • 45 mins	105.02	-6.26	-5.63%
Natural Gas • 14 mins	3.032	+0.028	+0.93%
Heating Oil • 30 mins	3.956	+0.009	+0.22%

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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