Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •5 hours	67.02	+1.81	+2.78%
Gasoline •7 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	72.87	+2.03	+2.87%
Natural Gas • 5 hours	2.859	+0.032	+1.13%
Heating Oil • 7 hours	2.636	+0.023	+0.88%

Headlines

988 days Will The ECB Continue To Hike Rates?
989 days Forbes: Aramco Remains Largest Company In The Middle East
991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,390 days Could Crypto Overtake Traditional Investment?
1,395 days Americans Still Quitting Jobs At Record Pace
1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,400 days Is The Dollar Too Strong?
1,400 days Big Tech Disappoints Investors on Earnings Calls
1,401 days Fear And Celebration On Twitter as Musk Takes The Reins
1,403 days China Is Quietly Trying To Distance Itself From Russia
1,403 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,407 days Crypto Investors Won Big In 2021
1,407 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,408 days Food Prices Are Skyrocketing As Putin’s War Persists
1,410 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,414 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,417 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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: Fading Close to Resistance at 1.3140

By - Dec 06, 2012, 5:25 AM CST

EUR/USD weakened yesterday close to the resistance at 1.3140 (17/10/2012 high). The hourly support at 1.3046 (04/12/2012 low) is challenged. Another support is at 1.3020 (intraday low, see also steep rising trendline).

The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the overall overbought conditions.

Daily Technical Report