Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,351.90	-63.10	-4.46%
WTI Crude •19 hours	65.52	+0.28	+0.43%
Gasoline •19 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	67.77	+0.04	+0.06%
Natural Gas • 19 hours	3.739	+0.213	+6.04%
Heating Oil • 19 hours	2.307	-0.053	-2.24%

Headlines

744 days Will The ECB Continue To Hike Rates?
744 days Forbes: Aramco Remains Largest Company In The Middle East
746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,146 days Could Crypto Overtake Traditional Investment?
1,151 days Americans Still Quitting Jobs At Record Pace
1,153 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,156 days Is The Dollar Too Strong?
1,156 days Big Tech Disappoints Investors on Earnings Calls
1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
1,159 days China Is Quietly Trying To Distance Itself From Russia
1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,163 days Crypto Investors Won Big In 2021
1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,167 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,170 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,171 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,171 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,173 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: The Short-Term Declining Channel Has Been Broken

By - Nov 01, 2012, 5:44 AM CDT

GBP/USD has broken its short-term declining channel, which is short-term positive. A test of the short-term resistance at 1.6178 is likely underway. An hourly support can be found at 1.6094 (intraday low).

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 consolidation phase.

Daily Technical Report