Commodity Prices

Gold •627 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,843.20	-127.30	-6.46%
WTI Crude •11 mins	92.99	-5.24	-5.33%
Gasoline •11 mins	3.165	-0.121	-3.68%
Ethanol •627 days	2.161	+0.000	+0.00%
Silver •627 days	30.82	+1.16	+3.92%

Silver • 627 days	30.82	+1.16	+3.92%
Copper • 627 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.46	-5.73	-5.11%
Natural Gas • 11 mins	2.995	-0.100	-3.23%
Heating Oil • 11 mins	4.551	-0.057	-1.24%

Headlines

1,012 days Will The ECB Continue To Hike Rates?
1,012 days Forbes: Aramco Remains Largest Company In The Middle East
1,014 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,414 days Could Crypto Overtake Traditional Investment?
1,419 days Americans Still Quitting Jobs At Record Pace
1,421 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,424 days Is The Dollar Too Strong?
1,424 days Big Tech Disappoints Investors on Earnings Calls
1,425 days Fear And Celebration On Twitter as Musk Takes The Reins
1,427 days China Is Quietly Trying To Distance Itself From Russia
1,427 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,431 days Crypto Investors Won Big In 2021
1,431 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,432 days Food Prices Are Skyrocketing As Putin’s War Persists
1,434 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,435 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,438 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,439 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,439 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,441 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How Millennials Are Reshaping Real Estate

The real estate market is…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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 - Old Support Becomes New Resistance

By - Jan 18, 2017, 6:27 AM CST

EUR/JPY is trading mixed. The pair is stalling below former support given at 121.68. Weak demand indicates no near term challenge to range top. Expect to see increasing short-term bearish pressures.

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 at 94.12 (24/07/2012 low) looks nonetheless far away.

Daily Technical Report