Commodity Prices

Gold •480 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,601.80	+0.20	+0.01%
WTI Crude •11 mins	61.82	+0.32	+0.52%
Gasoline •34 mins	1.923	+0.001	+0.04%
Ethanol •480 days	2.161	+0.000	+0.00%
Silver •480 days	30.82	+1.16	+3.92%

Silver • 480 days	30.82	+1.16	+3.92%
Copper • 480 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	66.29	+0.35	+0.53%
Natural Gas • 15 mins	3.374	+0.070	+2.12%
Heating Oil • 11 mins	2.412	+0.009	+0.36%

Headlines

865 days Will The ECB Continue To Hike Rates?
865 days Forbes: Aramco Remains Largest Company In The Middle East
867 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,267 days Could Crypto Overtake Traditional Investment?
1,271 days Americans Still Quitting Jobs At Record Pace
1,273 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,276 days Is The Dollar Too Strong?
1,277 days Big Tech Disappoints Investors on Earnings Calls
1,278 days Fear And Celebration On Twitter as Musk Takes The Reins
1,279 days China Is Quietly Trying To Distance Itself From Russia
1,280 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,284 days Crypto Investors Won Big In 2021
1,284 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,285 days Food Prices Are Skyrocketing As Putin’s War Persists
1,287 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,287 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,291 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,291 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,291 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,294 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Making New Lows

By - Jul 16, 2014, 5:47 AM CDT

EUR/GBP declined sharply yesterday. The support at 0.7915 has been breached, confirming an underlying downtrend. A resistance stands at 0.7981, while a break of the hourly resistance at 0.8034 is needed to invalidate the bearish technical structure.

In the longer term, the break of the key support area between 0.8082 (01/01/2013 low) and 0.8065 (05/06/2014 low) opens the way for a full retracement of the rise that started at 0.7755 (23/07/2012 low). Another strong support stands at 0.7694 (20/10/2008 low). A break of the resistance at 0.8153 (29/05/2014 high) is needed to suggest some exhaustion in the long-term selling pressures.

Daily Technical Report