Commodity Prices

Gold •400 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,346.20	-8.00	-0.59%
WTI Crude •10 mins	63.65	-0.23	-0.36%
Gasoline •10 mins	2.077	-0.000	-0.01%
Ethanol •400 days	2.161	+0.000	+0.00%
Silver •400 days	30.82	+1.16	+3.92%

Silver • 400 days	30.82	+1.16	+3.92%
Copper • 400 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.35	-0.08	-0.12%
Natural Gas • 10 mins	3.018	-0.049	-1.60%
Heating Oil • 10 mins	2.285	+0.018	+0.81%

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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