Commodity Prices

Gold •460 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,656.10	-3.20	-0.19%
WTI Crude •11 mins	61.69	+0.81	+1.33%
Gasoline •12 mins	1.901	-0.001	-0.06%
Ethanol •460 days	2.161	+0.000	+0.00%
Silver •460 days	30.82	+1.16	+3.92%

Silver • 460 days	30.82	+1.16	+3.92%
Copper • 460 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.50	+0.03	+0.05%
Natural Gas • 11 mins	3.377	+0.020	+0.60%
Heating Oil • 11 mins	2.256	+0.012	+0.53%

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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