Commodity Prices

Gold •675 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,059.30	-3.00	-0.15%
WTI Crude •23 hours	95.42	+0.61	+0.64%
Gasoline •23 hours	3.527	+0.071	+2.05%
Ethanol •675 days	2.161	+0.000	+0.00%
Silver •675 days	30.82	+1.16	+3.92%

Silver • 675 days	30.82	+1.16	+3.92%
Copper • 675 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	101.29	+1.23	+1.23%
Natural Gas • 23 hours	2.757	-0.012	-0.43%
Heating Oil • 23 hours	3.899	+0.083	+2.16%

Headlines

1,059 days Will The ECB Continue To Hike Rates?
1,060 days Forbes: Aramco Remains Largest Company In The Middle East
1,061 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,461 days Could Crypto Overtake Traditional Investment?
1,466 days Americans Still Quitting Jobs At Record Pace
1,468 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,471 days Is The Dollar Too Strong?
1,471 days Big Tech Disappoints Investors on Earnings Calls
1,472 days Fear And Celebration On Twitter as Musk Takes The Reins
1,474 days China Is Quietly Trying To Distance Itself From Russia
1,474 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,478 days Crypto Investors Won Big In 2021
1,478 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,479 days Food Prices Are Skyrocketing As Putin’s War Persists
1,481 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,482 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,485 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,486 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,486 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,488 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Ready For A Long-Term Bearish Breakout

By - Jun 09, 2016, 6:16 AM CDT

EUR/JPY is trading sideways in the mediumterm. Hourly support is located at 120.83 (03/06/2016 low). Hourly resistance can be found at 124.19 (31/05/2016 high). Expected to show continued weakness.

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