Commodity Prices

Gold •862 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,519.50	-19.00	-1.23%
WTI Crude •15 mins	88.74	+2.21	+2.55%
Gasoline •16 mins	2.665	+0.057	+2.19%
Ethanol •862 days	2.161	+0.000	+0.00%
Silver •862 days	30.82	+1.16	+3.92%

Silver • 862 days	30.82	+1.16	+3.92%
Copper • 862 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	95.74	+2.98	+3.21%
Natural Gas • 15 mins	3.340	+0.125	+3.89%
Heating Oil • 15 mins	4.287	+0.075	+1.79%

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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