Commodity Prices

Gold •703 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,797.90	-102.00	-5.37%
WTI Crude •1 day	90.54	-2.50	-2.69%
Gasoline •1 day	3.046	+0.008	+0.25%
Ethanol •703 days	2.161	+0.000	+0.00%
Silver •703 days	30.82	+1.16	+3.92%

Silver • 703 days	30.82	+1.16	+3.92%
Copper • 703 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	93.09	-1.94	-2.04%
Natural Gas • 1 day	3.229	-0.107	-3.21%
Heating Oil • 1 day	3.587	-0.086	-2.35%

Headlines

1,088 days Will The ECB Continue To Hike Rates?
1,088 days Forbes: Aramco Remains Largest Company In The Middle East
1,090 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,490 days Could Crypto Overtake Traditional Investment?
1,495 days Americans Still Quitting Jobs At Record Pace
1,497 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,500 days Is The Dollar Too Strong?
1,500 days Big Tech Disappoints Investors on Earnings Calls
1,501 days Fear And Celebration On Twitter as Musk Takes The Reins
1,502 days China Is Quietly Trying To Distance Itself From Russia
1,503 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,507 days Crypto Investors Won Big In 2021
1,507 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,508 days Food Prices Are Skyrocketing As Putin’s War Persists
1,510 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,511 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,514 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,515 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,515 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,517 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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…

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/JPY - Bearish Breakout

By - Apr 05, 2016, 5:47 AM CDT

EUR/JPY has broken downtrend channel. Shortterm bullish momentum is fading. Hourly support is given at 124.68 (22/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further consolidation.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Strong support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report