Commodity Prices

Gold •772 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,756.90	+24.70	+1.43%
WTI Crude •4 hours	82.40	+1.15	+1.42%
Gasoline •4 hours	3.184	+0.056	+1.79%
Ethanol •772 days	2.161	+0.000	+0.00%
Silver •772 days	30.82	+1.16	+3.92%

Silver • 772 days	30.82	+1.16	+3.92%
Copper • 772 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	88.52	+1.45	+1.67%
Natural Gas • 4 hours	2.733	+0.006	+0.22%
Heating Oil • 4 hours	4.283	+0.032	+0.76%

Headlines

1,156 days Will The ECB Continue To Hike Rates?
1,157 days Forbes: Aramco Remains Largest Company In The Middle East
1,158 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,558 days Could Crypto Overtake Traditional Investment?
1,563 days Americans Still Quitting Jobs At Record Pace
1,565 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,568 days Is The Dollar Too Strong?
1,568 days Big Tech Disappoints Investors on Earnings Calls
1,569 days Fear And Celebration On Twitter as Musk Takes The Reins
1,571 days China Is Quietly Trying To Distance Itself From Russia
1,571 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,575 days Crypto Investors Won Big In 2021
1,575 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,576 days Food Prices Are Skyrocketing As Putin’s War Persists
1,578 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,579 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,582 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,583 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,583 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,585 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

GBP/USD Stalled at 200-day Moving Average

By - Feb 09, 2012, 7:02 AM CST

GBP/USD has rejected after the breach of the 1.5883 swing high stalled close to the the 200 day moving average at 1.5935.

Still, while 1.5730/1.5789 holds the risk is seen for an attack on psychological 1.6000 then overhead resistance at 1.6096/1.6167 as the 1.5235 swing extends.

Loss of 1.5730 would suggest completion of a top pattern, calling for a deeper correction of the 1.5235 advance back towards former resistance at 1.5670 and possibly 1.5533 before a base can form for fresh gains.

Settling below 1.5500 would suggest that the 1.5235 rally was a completed bear market bounce, shifting odds in favour of an attack on the 1.5235 swing low.

Daily Technical Report