Commodity Prices

Gold •663 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,949.50	-48.10	-2.41%
WTI Crude •11 mins	100.06	+3.69	+3.83%
Gasoline •13 mins	3.538	+0.047	+1.35%
Ethanol •663 days	2.161	+0.000	+0.00%
Silver •663 days	30.82	+1.16	+3.92%

Silver • 663 days	30.82	+1.16	+3.92%
Copper • 663 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.71	+3.48	+3.22%
Natural Gas • 14 mins	2.536	-0.014	-0.55%
Heating Oil • 11 mins	3.951	-0.024	-0.59%

Headlines

1,048 days Will The ECB Continue To Hike Rates?
1,048 days Forbes: Aramco Remains Largest Company In The Middle East
1,050 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,450 days Could Crypto Overtake Traditional Investment?
1,455 days Americans Still Quitting Jobs At Record Pace
1,457 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,460 days Is The Dollar Too Strong?
1,460 days Big Tech Disappoints Investors on Earnings Calls
1,461 days Fear And Celebration On Twitter as Musk Takes The Reins
1,463 days China Is Quietly Trying To Distance Itself From Russia
1,463 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,467 days Crypto Investors Won Big In 2021
1,467 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,468 days Food Prices Are Skyrocketing As Putin’s War Persists
1,470 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,471 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,474 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,475 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,475 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,477 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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 Trapped Bears Getting Squeezed

By - Apr 06, 2012, 7:41 AM CDT

GBP/USD accelerated higher after the failure to sustain the downside break of the 1.5645 support level, trapped bears fuelling a powerful short squeeze.

The velocity of the move/re-capture of 1.5834 suggests that an important reaction low has formed at 1.5603, setting the stage for a revival of the 1.5235 advance through 1.5993 for the 1.6167 reaction high initially.

Settlement back under 1.5700 from here would neutralise, while loss of 1.5603 would be negative risking a return towards 1.5500 initially in a deeper retracement of the 1.5235 advance.

Daily Technical Report