Commodity Prices

Gold •417 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,348.10	-15.00	-1.10%
WTI Crude •10 mins	64.06	+0.40	+0.63%
Gasoline •10 mins	2.155	-0.003	-0.14%
Ethanol •417 days	2.161	+0.000	+0.00%
Silver •417 days	30.82	+1.16	+3.92%

Silver • 417 days	30.82	+1.16	+3.92%
Copper • 417 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.10	+0.37	+0.55%
Natural Gas • 10 mins	2.637	-0.061	-2.26%
Heating Oil • 11 mins	2.342	+0.034	+1.46%

Headlines

802 days Will The ECB Continue To Hike Rates?
802 days Forbes: Aramco Remains Largest Company In The Middle East
804 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,204 days Could Crypto Overtake Traditional Investment?
1,209 days Americans Still Quitting Jobs At Record Pace
1,211 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,214 days Is The Dollar Too Strong?
1,214 days Big Tech Disappoints Investors on Earnings Calls
1,215 days Fear And Celebration On Twitter as Musk Takes The Reins
1,217 days China Is Quietly Trying To Distance Itself From Russia
1,217 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,221 days Crypto Investors Won Big In 2021
1,221 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,222 days Food Prices Are Skyrocketing As Putin’s War Persists
1,224 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,225 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,228 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,229 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,229 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,231 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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…

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: Making New Low

By - Oct 04, 2012, 5:21 AM CDT

GBP/USD declined yesterday below both the support at 1.6109 (01/10/2012 low) and the rising trendline. Resistance for a bounce is likely given by 1.6142. Other hourly resistance can be found at 1.6187. Short-term support is at 1.5960.

GBP/USD is likely moving in a long-term horizontal range. The resistances given by 1.6302 (30/04/2012 high) and by the long-term declining trendline (linking the August 2009 top with the April 2011 top) favour a corrective phase.

Daily Technical Report