Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	976.20	-5.00	-0.51%
WTI Crude •10 mins	61.69	-1.46	-2.31%
Gasoline •27 mins	2.126	-0.045	-2.05%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.61	-1.48	-2.24%
Natural Gas • 10 mins	3.461	-0.031	-0.89%
Heating Oil • 10 mins	2.160	-0.046	-2.10%

Headlines

700 days Will The ECB Continue To Hike Rates?
700 days Forbes: Aramco Remains Largest Company In The Middle East
702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,102 days Could Crypto Overtake Traditional Investment?
1,106 days Americans Still Quitting Jobs At Record Pace
1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,111 days Is The Dollar Too Strong?
1,112 days Big Tech Disappoints Investors on Earnings Calls
1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
1,114 days China Is Quietly Trying To Distance Itself From Russia
1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,118 days Crypto Investors Won Big In 2021
1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,119 days Food Prices Are Skyrocketing As Putin’s War Persists
1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,122 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,125 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,126 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,126 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,128 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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