Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,469.90	+57.40	+4.06%
WTI Crude •10 hours	68.45	+1.88	+2.82%
Gasoline •10 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	70.36	+1.72	+2.51%
Natural Gas • 10 hours	3.314	-0.023	-0.69%
Heating Oil • 10 hours	2.447	+0.064	+2.68%

Headlines

758 days Will The ECB Continue To Hike Rates?
758 days Forbes: Aramco Remains Largest Company In The Middle East
760 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,160 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,170 days Big Tech Disappoints Investors on Earnings Calls
1,171 days Fear And Celebration On Twitter as Musk Takes The Reins
1,172 days China Is Quietly Trying To Distance Itself From Russia
1,173 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,177 days Crypto Investors Won Big In 2021
1,177 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,178 days Food Prices Are Skyrocketing As Putin’s War Persists
1,180 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,184 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,185 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,187 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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

EUR/USD Bearish Reversal Weighed by DeMark Signal

By - May 02, 2012, 5:56 AM CDT

EUR/USDâ€™s latest bearish reversal is extending lower into psychological support at 1.3000. The move is being weighed by a recent DeMark™ exhaustion signal.

A decisive close below 1.3000 is required to unlock the important multimonth reversal pattern into 1.2625 (16 Jan swing low).

Meanwhile, only a sustained daily close back above 1.3284 (01 May high), puts this scenario on hold for a potential recovery into our upside target zone at 1.3460/62 (200-day average).

Inversely, the USD Index has breached the lower side of its multi-week triangle consolidation pattern. Support remains at 78.66 and 78.09.

Expect these levels to act as one of the last points of defence for a relaunch of the greenbackâ€™s recovery which is still part of the bullish cycle into 80.73 (15th March high) and 81.78 (13th Jan swing/12 month high).

Daily Technical Report