Commodity Prices

Gold •706 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,670.40	-41.20	-2.41%
WTI Crude •11 mins	88.06	-0.14	-0.16%
Gasoline •11 mins	3.020	-0.001	-0.05%
Ethanol •706 days	2.161	+0.000	+0.00%
Silver •706 days	30.82	+1.16	+3.92%

Silver • 706 days	30.82	+1.16	+3.92%
Copper • 706 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.27	-0.18	-0.20%
Natural Gas • 11 mins	3.148	+0.008	+0.25%
Heating Oil • 11 mins	3.524	-0.018	-0.51%

Headlines

1,091 days Will The ECB Continue To Hike Rates?
1,091 days Forbes: Aramco Remains Largest Company In The Middle East
1,093 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,493 days Could Crypto Overtake Traditional Investment?
1,498 days Americans Still Quitting Jobs At Record Pace
1,500 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,503 days Is The Dollar Too Strong?
1,503 days Big Tech Disappoints Investors on Earnings Calls
1,504 days Fear And Celebration On Twitter as Musk Takes The Reins
1,505 days China Is Quietly Trying To Distance Itself From Russia
1,506 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,510 days Crypto Investors Won Big In 2021
1,510 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,511 days Food Prices Are Skyrocketing As Putin’s War Persists
1,513 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,514 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,517 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,518 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,518 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,520 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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