Commodity Prices

Gold •729 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,626.90	+27.00	+1.69%
WTI Crude •11 mins	68.35	-0.23	-0.34%
Gasoline •11 mins	2.905	-0.040	-1.36%
Ethanol •729 days	2.161	+0.000	+0.00%
Silver •729 days	30.82	+1.16	+3.92%

Silver • 729 days	30.82	+1.16	+3.92%
Copper • 729 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.44	-0.13	-0.18%
Natural Gas • 11 mins	3.195	-0.025	-0.78%
Heating Oil • 11 mins	3.195	-0.023	-0.70%

Headlines

1,113 days Will The ECB Continue To Hike Rates?
1,113 days Forbes: Aramco Remains Largest Company In The Middle East
1,115 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,515 days Could Crypto Overtake Traditional Investment?
1,520 days Americans Still Quitting Jobs At Record Pace
1,522 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,525 days Is The Dollar Too Strong?
1,525 days Big Tech Disappoints Investors on Earnings Calls
1,526 days Fear And Celebration On Twitter as Musk Takes The Reins
1,528 days China Is Quietly Trying To Distance Itself From Russia
1,528 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,532 days Crypto Investors Won Big In 2021
1,532 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,533 days Food Prices Are Skyrocketing As Putin’s War Persists
1,535 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,536 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,539 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,540 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,540 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,542 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 Lows

By - Mar 11, 2013, 7:27 AM CDT

GBP/USD has broken its support at 1.4967 (07/03/2013 low). Further weakness is favoured. Hourly resistances can be found at 1.4967 and 1.5083 (07/03/2013 high). An hourly support is at 1.4885 (08/03/2013 low).

In the longer-term, the break of the 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) calls for a medium-term decline towards 1.4231 (20/05/2012 low). A break of the resistance at 1.5321 is needed to negate this bearish outlook.

Daily Technical Report