Commodity Prices

Gold •626 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,970.50	+26.80	+1.38%
WTI Crude •1 day	98.23	+2.68	+2.80%
Gasoline •1 day	3.286	+0.159	+5.09%
Ethanol •626 days	2.161	+0.000	+0.00%
Silver •626 days	30.82	+1.16	+3.92%

Silver • 626 days	30.82	+1.16	+3.92%
Copper • 626 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	112.19	+3.54	+3.26%
Natural Gas • 1 day	3.095	-0.071	-2.24%
Heating Oil • 1 day	4.608	+0.266	+6.14%

Headlines

1,010 days Will The ECB Continue To Hike Rates?
1,011 days Forbes: Aramco Remains Largest Company In The Middle East
1,012 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,412 days Could Crypto Overtake Traditional Investment?
1,417 days Americans Still Quitting Jobs At Record Pace
1,419 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,422 days Is The Dollar Too Strong?
1,422 days Big Tech Disappoints Investors on Earnings Calls
1,423 days Fear And Celebration On Twitter as Musk Takes The Reins
1,425 days China Is Quietly Trying To Distance Itself From Russia
1,425 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,429 days Crypto Investors Won Big In 2021
1,429 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,430 days Food Prices Are Skyrocketing As Putin’s War Persists
1,432 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,433 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,436 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,437 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,437 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,439 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

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: Retest of the Broken Resistance at 1.2971

By - Oct 08, 2012, 6:40 AM CDT

EUR/USD is testing the support implied by the broken resistance at 1.2971. The recent shortterm base formation (see also bearish head and shoulders in USD/CHF) favours further shortterm strength. Monitor the hourly support at 1.2968 (02/10/2012 high).

Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), the rise that started in July 2012 is likely not over yet.

Daily Technical Report