Commodity Prices

Gold •339 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •1 day	64.58	+1.21	+1.91%
Gasoline •1 day	2.077	+0.014	+0.67%
Ethanol •339 days	2.161	+0.000	+0.00%
Silver •339 days	30.82	+1.16	+3.92%

Silver • 339 days	30.82	+1.16	+3.92%
Copper • 339 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.47	+1.13	+1.73%
Natural Gas • 1 day	3.784	+0.107	+2.91%
Heating Oil • 1 day	2.125	+0.031	+1.47%

Headlines

724 days Will The ECB Continue To Hike Rates?
724 days Forbes: Aramco Remains Largest Company In The Middle East
726 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,126 days Could Crypto Overtake Traditional Investment?
1,130 days Americans Still Quitting Jobs At Record Pace
1,132 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,135 days Is The Dollar Too Strong?
1,136 days Big Tech Disappoints Investors on Earnings Calls
1,137 days Fear And Celebration On Twitter as Musk Takes The Reins
1,138 days China Is Quietly Trying To Distance Itself From Russia
1,139 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,143 days Crypto Investors Won Big In 2021
1,143 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
1,146 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,146 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,150 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,150 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,151 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,153 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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