Commodity Prices

Gold •482 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,589.30	+5.80	+0.37%
WTI Crude •11 mins	60.00	-1.31	-2.14%
Gasoline •14 mins	1.919	-0.001	-0.07%
Ethanol •482 days	2.161	+0.000	+0.00%
Silver •482 days	30.82	+1.16	+3.92%

Silver • 482 days	30.82	+1.16	+3.92%
Copper • 482 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.26	-1.36	-2.07%
Natural Gas • 11 mins	3.308	-0.134	-3.89%
Heating Oil • 12 mins	2.369	-0.068	-2.77%

Headlines

866 days Will The ECB Continue To Hike Rates?
866 days Forbes: Aramco Remains Largest Company In The Middle East
868 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,268 days Could Crypto Overtake Traditional Investment?
1,273 days Americans Still Quitting Jobs At Record Pace
1,275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,278 days Is The Dollar Too Strong?
1,278 days Big Tech Disappoints Investors on Earnings Calls
1,279 days Fear And Celebration On Twitter as Musk Takes The Reins
1,281 days China Is Quietly Trying To Distance Itself From Russia
1,281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,285 days Crypto Investors Won Big In 2021
1,285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,286 days Food Prices Are Skyrocketing As Putin’s War Persists
1,288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,293 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,295 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

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: Short-Term Double-Top Formation Validated

By - Feb 27, 2014, 5:22 AM CST

EUR/USD has broken the support at 1.3692, validating a short-term double-top with an implied target at 1.3611. Monitor the hourly support at 1.3657 (see also 38.2% retracement). Another support lies at 1.3562. An hourly resistance now stands at 1.3702 (21/02/2014 low). Another resistance is at 1.3773.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). The recent weakness and the overbought conditions suggest that downside risks currently outweigh upside potentials.

Daily Technical Report