Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	972.90	-7.40	-0.75%
WTI Crude •8 hours	63.02	+0.23	+0.37%
Gasoline •8 hours	2.119	+0.013	+0.63%
Ethanol •296 days	2.161	+0.000	+0.00%
Silver •296 days	30.82	+1.16	+3.92%

Silver • 296 days	30.82	+1.16	+3.92%
Copper • 296 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	66.87	+0.32	+0.48%
Natural Gas • 8 hours	2.937	+0.007	+0.24%
Heating Oil • 8 hours	2.167	+0.024	+1.10%

Headlines

681 days Will The ECB Continue To Hike Rates?
681 days Forbes: Aramco Remains Largest Company In The Middle East
683 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,083 days Could Crypto Overtake Traditional Investment?
1,087 days Americans Still Quitting Jobs At Record Pace
1,089 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,092 days Is The Dollar Too Strong?
1,093 days Big Tech Disappoints Investors on Earnings Calls
1,094 days Fear And Celebration On Twitter as Musk Takes The Reins
1,095 days China Is Quietly Trying To Distance Itself From Russia
1,096 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,099 days Crypto Investors Won Big In 2021
1,100 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,101 days Food Prices Are Skyrocketing As Putin’s War Persists
1,103 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,103 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,106 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,107 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,107 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,109 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How Millennials Are Reshaping Real Estate

The real estate market is…

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