Commodity Prices

Gold •681 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,991.80	-99.60	-4.76%
WTI Crude •14 hours	105.42	+4.25	+4.20%
Gasoline •14 hours	3.702	+0.096	+2.67%
Ethanol •681 days	2.161	+0.000	+0.00%
Silver •681 days	30.82	+1.16	+3.92%

Silver • 681 days	30.82	+1.16	+3.92%
Copper • 681 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	109.26	+3.54	+3.35%
Natural Gas • 14 hours	2.960	+0.066	+2.28%
Heating Oil • 14 hours	4.053	+0.148	+3.78%

Headlines

1,066 days Will The ECB Continue To Hike Rates?
1,066 days Forbes: Aramco Remains Largest Company In The Middle East
1,068 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,468 days Could Crypto Overtake Traditional Investment?
1,473 days Americans Still Quitting Jobs At Record Pace
1,475 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,478 days Is The Dollar Too Strong?
1,478 days Big Tech Disappoints Investors on Earnings Calls
1,479 days Fear And Celebration On Twitter as Musk Takes The Reins
1,480 days China Is Quietly Trying To Distance Itself From Russia
1,481 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,485 days Crypto Investors Won Big In 2021
1,485 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,486 days Food Prices Are Skyrocketing As Putin’s War Persists
1,488 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,489 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,492 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,493 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,493 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,495 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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

EUR/USD: Bearish Wedge is Still Capping Prices

By - Sep 05, 2012, 7:14 AM CDT

EUR/USD has declined after touching the high of its rising wedge (bearish technical pattern). Support can be found at 1.2466 (28/08/2012 low, see also up trendline).

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 close to the resistance at 1.2748 to initiate a new short EUR position.

Daily Technical Report