Commodity Prices

Gold •839 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,645.90	-10.60	-0.64%
WTI Crude •11 mins	98.96	+1.14	+1.17%
Gasoline •25 mins	3.163	+0.045	+1.46%
Ethanol •839 days	2.161	+0.000	+0.00%
Silver •839 days	30.82	+1.16	+3.92%

Silver • 839 days	30.82	+1.16	+3.92%
Copper • 839 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.24	+1.45	+1.33%
Natural Gas • 11 mins	2.971	+0.008	+0.27%
Heating Oil • 16 mins	4.994	+0.069	+1.40%

Headlines

1,224 days Will The ECB Continue To Hike Rates?
1,224 days Forbes: Aramco Remains Largest Company In The Middle East
1,226 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,626 days Could Crypto Overtake Traditional Investment?
1,630 days Americans Still Quitting Jobs At Record Pace
1,632 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,635 days Is The Dollar Too Strong?
1,636 days Big Tech Disappoints Investors on Earnings Calls
1,637 days Fear And Celebration On Twitter as Musk Takes The Reins
1,638 days China Is Quietly Trying To Distance Itself From Russia
1,639 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,642 days Crypto Investors Won Big In 2021
1,643 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,644 days Food Prices Are Skyrocketing As Putin’s War Persists
1,646 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,646 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,649 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,650 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,650 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,652 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 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