Commodity Prices

Gold •335 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,088.50	+17.60	+1.64%
WTI Crude •10 mins	62.63	-0.78	-1.23%
Gasoline •10 mins	2.030	-0.049	-2.37%
Ethanol •335 days	2.161	+0.000	+0.00%
Silver •335 days	30.82	+1.16	+3.92%

Silver • 335 days	30.82	+1.16	+3.92%
Copper • 335 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.66	-0.97	-1.48%
Natural Gas • 10 mins	3.692	-0.030	-0.81%
Heating Oil • 10 mins	2.068	-0.032	-1.53%

Headlines

720 days Will The ECB Continue To Hike Rates?
720 days Forbes: Aramco Remains Largest Company In The Middle East
722 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,122 days Could Crypto Overtake Traditional Investment?
1,127 days Americans Still Quitting Jobs At Record Pace
1,129 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,132 days Is The Dollar Too Strong?
1,132 days Big Tech Disappoints Investors on Earnings Calls
1,133 days Fear And Celebration On Twitter as Musk Takes The Reins
1,135 days China Is Quietly Trying To Distance Itself From Russia
1,135 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,139 days Crypto Investors Won Big In 2021
1,139 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,140 days Food Prices Are Skyrocketing As Putin’s War Persists
1,142 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,143 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,146 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,147 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,147 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,149 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 Support at 1.6003 Has Been Broken

By - Jan 18, 2013, 5:43 AM CST

GBP/USD has broken its support at 1.6003/1.5993 (09/01/2013 high) and is challenging the medium-term rising trendline. A break of this trendline would open the way for a move towards the support at 1.5829. Hourly resistances are at 1.6039 (17/01/2013 high) and 1.6101 (15/01/2013 high).

GBP/USD is moving in a long-term horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high). A key support area is given by 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low).

Daily Technical Report