Commodity Prices

Gold •410 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.20	-16.30	-1.20%
WTI Crude •1 day	62.80	-1.16	-1.81%
Gasoline •1 day	2.073	-0.037	-1.74%
Ethanol •410 days	2.161	+0.000	+0.00%
Silver •410 days	30.82	+1.16	+3.92%

Silver • 410 days	30.82	+1.16	+3.92%
Copper • 410 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.85	-0.99	-1.48%
Natural Gas • 1 day	2.916	+0.075	+2.64%
Heating Oil • 1 day	2.225	-0.010	-0.43%

Headlines

794 days Will The ECB Continue To Hike Rates?
794 days Forbes: Aramco Remains Largest Company In The Middle East
796 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,196 days Could Crypto Overtake Traditional Investment?
1,201 days Americans Still Quitting Jobs At Record Pace
1,203 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,206 days Is The Dollar Too Strong?
1,206 days Big Tech Disappoints Investors on Earnings Calls
1,207 days Fear And Celebration On Twitter as Musk Takes The Reins
1,209 days China Is Quietly Trying To Distance Itself From Russia
1,209 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,213 days Crypto Investors Won Big In 2021
1,213 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,214 days Food Prices Are Skyrocketing As Putin’s War Persists
1,216 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,217 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,220 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,221 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,221 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,223 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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