Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,887.10	+29.80	+1.60%
WTI Crude •16 hours	99.64	+5.16	+5.46%
Gasoline •16 hours	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	112.57	+4.56	+4.22%
Natural Gas • 16 hours	3.095	+0.096	+3.20%
Heating Oil • 16 hours	4.496	+0.222	+5.20%

Headlines

1,017 days Will The ECB Continue To Hike Rates?
1,017 days Forbes: Aramco Remains Largest Company In The Middle East
1,019 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,419 days Could Crypto Overtake Traditional Investment?
1,424 days Americans Still Quitting Jobs At Record Pace
1,426 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,429 days Is The Dollar Too Strong?
1,429 days Big Tech Disappoints Investors on Earnings Calls
1,430 days Fear And Celebration On Twitter as Musk Takes The Reins
1,432 days China Is Quietly Trying To Distance Itself From Russia
1,432 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,436 days Crypto Investors Won Big In 2021
1,436 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,437 days Food Prices Are Skyrocketing As Putin’s War Persists
1,439 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,440 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,443 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,444 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,444 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,446 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Tesla Struggles To Compete In European Market

Tesla continues to catch 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 - Resistance Expected Close To 1.6000

By - Mar 02, 2012, 6:05 AM CST

GBP/USD has broken over the 200 day moving average and trend-line resistance off 1.6167. However, structure present since 1.5649 suggests that the 1.6000 region should act as strong resistance, with scope then for a fresh swing back down to 1.5700/50.

The 1.6000 region also lies close to the 50 week moving average, which acted as a region of resistance at the end of last year.

Loss of the reaction/swing low at 1.5645 would confirm a top pattern calling for a return to 1.5500/1.5582 (psychological/50% retracement) in a deeper retracement of the 1.5235 advance.

Daily Technical Report