Commodity Prices

Gold •690 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,970.20	+30.50	+1.57%
WTI Crude •11 mins	91.07	-5.53	-5.72%
Gasoline •11 mins	3.284	-0.170	-4.92%
Ethanol •690 days	2.161	+0.000	+0.00%
Silver •690 days	30.82	+1.16	+3.92%

Silver • 690 days	30.82	+1.16	+3.92%
Copper • 690 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.60	-5.94	-5.74%
Natural Gas • 10 mins	2.942	+0.035	+1.20%
Heating Oil • 20 mins	3.699	-0.189	-4.85%

Headlines

1,075 days Will The ECB Continue To Hike Rates?
1,075 days Forbes: Aramco Remains Largest Company In The Middle East
1,077 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,477 days Could Crypto Overtake Traditional Investment?
1,482 days Americans Still Quitting Jobs At Record Pace
1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,487 days Is The Dollar Too Strong?
1,487 days Big Tech Disappoints Investors on Earnings Calls
1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
1,490 days China Is Quietly Trying To Distance Itself From Russia
1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,494 days Crypto Investors Won Big In 2021
1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,504 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Bouncing Near Support at 1.2797

By - Jul 09, 2013, 5:43 AM CDT

EUR/USD bounced yesterday near the support at 1.2797. Resistances are at 1.2932 (see also the declining channel) and 1.3032. An initial support lies at 1.2846 (intraday low).

In the medium-term, the rise from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. Therefore, we eventually expect to see prices moving below the key support at 1.2662 (13/11/2012 low). However, the short-term oversold conditions and the strong support area between 1.2662 (13/11/2012 low) and 1.2797 favour a short-term rebound.

Daily Technical Report