Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	972.90	-7.40	-0.75%
WTI Crude •12 hours	63.02	+0.23	+0.37%
Gasoline •12 hours	2.119	+0.013	+0.63%
Ethanol •296 days	2.161	+0.000	+0.00%
Silver •296 days	30.82	+1.16	+3.92%

Silver • 296 days	30.82	+1.16	+3.92%
Copper • 296 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	66.87	+0.32	+0.48%
Natural Gas • 12 hours	2.937	+0.007	+0.24%
Heating Oil • 12 hours	2.167	+0.024	+1.10%

Headlines

681 days Will The ECB Continue To Hike Rates?
681 days Forbes: Aramco Remains Largest Company In The Middle East
683 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,083 days Could Crypto Overtake Traditional Investment?
1,088 days Americans Still Quitting Jobs At Record Pace
1,089 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,093 days Is The Dollar Too Strong?
1,093 days Big Tech Disappoints Investors on Earnings Calls
1,094 days Fear And Celebration On Twitter as Musk Takes The Reins
1,095 days China Is Quietly Trying To Distance Itself From Russia
1,096 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,100 days Crypto Investors Won Big In 2021
1,100 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,101 days Food Prices Are Skyrocketing As Putin’s War Persists
1,103 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,103 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,107 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,108 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,108 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,110 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Daily Technical Report

By - May 09, 2011, 5:51 AM CDT

Gold's sharp correction has found support near 1474.69(38.2% Fib). The major reversal was triggered after puncturing above its multiyear bull channel ceiling, while still developing a DeMark exhaustion signal.