Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,373.50	+133.90	+5.98%
WTI Crude •11 hours	67.02	+1.81	+2.78%
Gasoline •11 hours	2.078	+0.046	+2.24%
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 • 10 hours	72.87	+2.03	+2.87%
Natural Gas • 11 hours	2.859	+0.032	+1.13%
Heating Oil • 11 hours	2.671	+0.058	+2.24%

Headlines

989 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
1,391 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?
1,401 days Big Tech Disappoints Investors on Earnings Calls
1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
1,403 days China Is Quietly Trying To Distance Itself From Russia
1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,408 days Crypto Investors Won Big In 2021
1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,415 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?
1,416 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,418 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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: Declining Sharply

By - Dec 07, 2012, 5:26 AM CST

EUR/USD fell sharply yesterday after failing to break the resistance at 1.3140 (17/10/2012 high). A test of the support at 1.2875 is expected. An hourly resistance is at 1.2973 (intraday high). Another resistance is at 1.3046 (04/12/2012 low).

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