"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •754 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •14 mins | 1,632.20 | +28.10 | +1.75% |
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WTI Crude •1 hour | 82.61 | -6.70 | -7.50% |
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Gasoline •1 hour | 3.327 | -0.069 | -2.02% |
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Ethanol •754 days | 2.161 | +0.000 | +0.00% |
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Silver •754 days | 30.82 | +1.16 | +3.92% |
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Silver • 754 days | 30.82 | +1.16 | +3.92% | |
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Copper • 754 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 13 mins | 87.79 | -8.99 | -9.29% | |
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Natural Gas • 1 hour | 2.767 | -0.104 | -3.62% | |
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Heating Oil • 1 hour | 4.112 | -0.069 | -1.65% |
An economic slowdown in many…
This aging bull market may…
The Economic Community of West…
Well that was quick.
I definitely would have thought that the 2009 lows in the EURUSD would have provided a little bit more buying support, but that wasn't to be. As you can see from the weekly chart (figure 1) of the EURUSD, price is well below the key pivot point at 1.25674. This level is now resistance. The next stop is the 2006 lows, which reside in the zone between 1.16 and 1.19.
I will state the obvious here: market risk remains high!
Figure 1. EURUSD/ weekly
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