Commodity Prices

Gold •474 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,521.70	-130.50	-7.90%
WTI Crude •11 mins	57.21	-0.31	-0.54%
Gasoline •11 mins	1.808	-0.022	-1.21%
Ethanol •474 days	2.161	+0.000	+0.00%
Silver •474 days	30.82	+1.16	+3.92%

Silver • 474 days	30.82	+1.16	+3.92%
Copper • 474 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.71	-0.30	-0.49%
Natural Gas • 11 mins	3.469	+0.072	+2.12%
Heating Oil • 11 mins	2.179	-0.013	-0.61%

Headlines

859 days Will The ECB Continue To Hike Rates?
859 days Forbes: Aramco Remains Largest Company In The Middle East
861 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,261 days Could Crypto Overtake Traditional Investment?
1,266 days Americans Still Quitting Jobs At Record Pace
1,268 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,271 days Is The Dollar Too Strong?
1,271 days Big Tech Disappoints Investors on Earnings Calls
1,272 days Fear And Celebration On Twitter as Musk Takes The Reins
1,274 days China Is Quietly Trying To Distance Itself From Russia
1,274 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,278 days Crypto Investors Won Big In 2021
1,278 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,279 days Food Prices Are Skyrocketing As Putin’s War Persists
1,281 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,282 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,285 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,286 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,286 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,288 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 Bulls Retain Control

By - Apr 24, 2012, 6:20 AM CDT

GBP/USD is being supported on dips by the previous swing high at 1.6063 as bulls retain overall control.

The breach of key resistance at 1.5985/1.6063 signaled an important breakout and we look for 1.5985/1.6063 to hold for the next leg of the 1.5235 advance for 1.6167 (31st Oct high) and then resistance at 1.6455/1.6500.

Failure to capitalise on the upside potential over the next few sessions and/or loss of 1.5985 would suggest bull exhaustion, although we would need to see the loss of 1.5603 (12th March low) to threaten a much deeper retracment of the 1.5235 advance.

Daily Technical Report