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  1. Price Pattern Technical Analysis: S&P 500 May Be in the Process of Forming a Double Top, Crude Oil Rallies Most in 2 Months, Gold Prices Stalling

    by , 12-29-2014 at 12:45 PM
    US DOLLAR TECHNICAL ANALYSIS – Prices arestruggling to breach December’s high, with negative RSI divergence warning a double top may be forming. A daily close below the 14.6% Fibonacci retracementat 11489 exposes the 23.6% level at 11379. Alternatively, a reversal above the December 8 high at 11522opens the door for a challenge of the 38.2% Fib expansion at 11577.

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