Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,887.10	+29.80	+1.60%
WTI Crude •13 hours	99.64	+5.16	+5.46%
Gasoline •13 hours	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	112.57	+4.56	+4.22%
Natural Gas • 13 hours	3.095	+0.096	+3.20%
Heating Oil • 13 hours	4.496	+0.222	+5.20%

Headlines

1,017 days Will The ECB Continue To Hike Rates?
1,017 days Forbes: Aramco Remains Largest Company In The Middle East
1,019 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,419 days Could Crypto Overtake Traditional Investment?
1,424 days Americans Still Quitting Jobs At Record Pace
1,425 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,429 days Is The Dollar Too Strong?
1,429 days Big Tech Disappoints Investors on Earnings Calls
1,430 days Fear And Celebration On Twitter as Musk Takes The Reins
1,431 days China Is Quietly Trying To Distance Itself From Russia
1,432 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,436 days Crypto Investors Won Big In 2021
1,436 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,437 days Food Prices Are Skyrocketing As Putin’s War Persists
1,439 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,439 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,443 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,444 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,444 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,446 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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/GBP: The Growing Bearish Momentum Has Crushed The Long-Term Rising Trendline

By - Sep 03, 2013, 5:48 AM CDT

EUR/GBP has broken its long-term rising trendline, confirming an increasing bearish momentum. The support at 0.8470 (12/06/2013 low) is challenged. An hourly resistance stands at 0.8553 (30/08/2013 high).

As long as prices remain below the resistance at 0.8652, the technical configuration since the annual high at 0.8815 is viewed as a part of a larger corrective phase which should eventually decline towards the 0.8411-0.8398 (26/04/2013 low) region and possibly even lower.

Daily Technical Report