Commodity Prices

Gold •505 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,517.20	-39.60	-2.54%
WTI Crude •56 mins	59.00	-0.25	-0.42%
Gasoline •56 mins	1.918	-0.014	-0.71%
Ethanol •505 days	2.161	+0.000	+0.00%
Silver •505 days	30.82	+1.16	+3.92%

Silver • 505 days	30.82	+1.16	+3.92%
Copper • 505 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	63.10	-0.41	-0.65%
Natural Gas • 56 mins	4.474	-0.076	-1.67%
Heating Oil • 56 mins	2.533	-0.102	-3.89%

Headlines

889 days Will The ECB Continue To Hike Rates?
890 days Forbes: Aramco Remains Largest Company In The Middle East
891 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,291 days Could Crypto Overtake Traditional Investment?
1,296 days Americans Still Quitting Jobs At Record Pace
1,298 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,301 days Is The Dollar Too Strong?
1,301 days Big Tech Disappoints Investors on Earnings Calls
1,302 days Fear And Celebration On Twitter as Musk Takes The Reins
1,304 days China Is Quietly Trying To Distance Itself From Russia
1,304 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,308 days Crypto Investors Won Big In 2021
1,308 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,309 days Food Prices Are Skyrocketing As Putin’s War Persists
1,311 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,312 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,315 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,316 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,316 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,318 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: Strong Resistances Near

By - Sep 03, 2012, 5:28 AM CDT

EUR/USD moved higher yesterday. It is now close to the high of its rising wedge (a bearish technical pattern) but also to its down trendline. Note also the strong horizontal resistance at 1.2748 (18/06/2012 high).

Given the lack of base formation, the recent strength in EUR is seen as a rebound within an underlying downtrend. We would therefore look at signs of weakness coupled with overbought conditions to initiate a new short EUR position.

Daily Technical Report