Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,678.00	+51.40	+3.16%
WTI Crude •11 mins	61.96	-0.59	-0.94%
Gasoline •15 mins	1.899	-0.011	-0.57%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	66.25	+0.80	+1.22%
Natural Gas • 11 mins	3.338	+0.005	+0.15%
Heating Oil • 14 mins	2.278	-0.013	-0.57%

Headlines

846 days Will The ECB Continue To Hike Rates?
847 days Forbes: Aramco Remains Largest Company In The Middle East
848 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,248 days Could Crypto Overtake Traditional Investment?
1,253 days Americans Still Quitting Jobs At Record Pace
1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,258 days Is The Dollar Too Strong?
1,258 days Big Tech Disappoints Investors on Earnings Calls
1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
1,261 days China Is Quietly Trying To Distance Itself From Russia
1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,265 days Crypto Investors Won Big In 2021
1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,275 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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