Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,916.80	+16.20	+0.85%
WTI Crude •11 mins	109.30	+2.42	+2.26%
Gasoline •5 hours	3.732	-0.009	-0.24%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	123.59	+5.56	+4.71%
Natural Gas • 11 mins	2.643	-0.004	-0.15%
Heating Oil • 28 mins	4.296	+0.097	+2.31%

Headlines

1,050 days Will The ECB Continue To Hike Rates?
1,050 days Forbes: Aramco Remains Largest Company In The Middle East
1,052 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,452 days Could Crypto Overtake Traditional Investment?
1,456 days Americans Still Quitting Jobs At Record Pace
1,458 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,461 days Is The Dollar Too Strong?
1,462 days Big Tech Disappoints Investors on Earnings Calls
1,463 days Fear And Celebration On Twitter as Musk Takes The Reins
1,464 days China Is Quietly Trying To Distance Itself From Russia
1,465 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,469 days Crypto Investors Won Big In 2021
1,469 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,470 days Food Prices Are Skyrocketing As Putin’s War Persists
1,472 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,472 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,476 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,476 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,476 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,479 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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

USD/JPY: Sliding

By - Jun 13, 2013, 5:53 AM CDT

USD/JPY has moved below its recent low at 94.99 (07/06/2013 low). The short-term technical configuration remains negative as long as prices remain below the resistance at 97.02 (12/06/2013 high). An initial resistance lies at 94.92 (intraday high). Supports can be found at 93.58 (38.2% retracement) and 92.57.

The medium-term overextended nature of this market calls for some caution. Even though it has not been confirmed by EUR/JPY and GBP/JPY, the move below the support at 95.80 is a medium-term bearish sign. We would however not be aggressively bearish given the short-term oversold conditions and the proximity of key supports in EUR/JPY and GBP/JPY.

Daily Technical Report