Commodity Prices

Gold •418 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,348.60	+9.80	+0.73%
WTI Crude •10 mins	63.40	-1.40	-2.16%
Gasoline •12 mins	2.112	-0.036	-1.67%
Ethanol •418 days	2.161	+0.000	+0.00%
Silver •418 days	30.82	+1.16	+3.92%

Silver • 418 days	30.82	+1.16	+3.92%
Copper • 418 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.33	-1.47	-2.14%
Natural Gas • 10 mins	2.712	+0.016	+0.59%
Heating Oil • 10 mins	2.288	-0.060	-2.54%

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AUD/USD: Validates Double-Bottom Formation

By - Aug 28, 2014, 5:55 AM CDT

AUD/USD has violated 0.9345, and validate a short-term double-bottom formation with a target at 0.9450. Another resistance lies at 0.9374. An hourly support can be found at 0.9272 (26/08/2014 low).

In the longer term, prices are consolidating within the range defined by the key support at 0.9206 (see also the 200 day moving average) and the key resistance at 0.9461 (10/04/2014 high)/0.9505. The current succession of lower highs since early July 2014 favours a bearish bias.

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