Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	973.50	-7.70	-0.78%
WTI Crude •10 mins	61.40	-1.75	-2.77%
Gasoline •10 mins	2.118	-0.052	-2.40%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.33	-1.76	-2.66%
Natural Gas • 10 mins	3.459	-0.033	-0.95%
Heating Oil • 10 mins	2.154	-0.053	-2.38%

Headlines

700 days Will The ECB Continue To Hike Rates?
700 days Forbes: Aramco Remains Largest Company In The Middle East
702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,102 days Could Crypto Overtake Traditional Investment?
1,106 days Americans Still Quitting Jobs At Record Pace
1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,111 days Is The Dollar Too Strong?
1,112 days Big Tech Disappoints Investors on Earnings Calls
1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
1,114 days China Is Quietly Trying To Distance Itself From Russia
1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,119 days Crypto Investors Won Big In 2021
1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,120 days Food Prices Are Skyrocketing As Putin’s War Persists
1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,122 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,126 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,126 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,126 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,129 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Drifting Lower

By - Aug 20, 2013, 5:35 AM CDT

USD/JPY remains in a short-term succession of lower lows and lower highs since its peak at 101.53. A break of the resistance at 98.65 (15/08/2013 high, see also the declining trendline) is needed to improve the short-term technical configuration. Hourly supports are at 97.06 and 96.40 (intraday low).

A medium-term continuation pattern (symmetrical triangle) could be underway. Coupled with the 200 day moving average and the short-term oversold conditions, we see the region between 95.81 and 93.79 as a strong support area.

Daily Technical Report