Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,971.80	+12.20	+0.62%
WTI Crude •10 mins	97.42	-0.84	-0.85%
Gasoline •15 mins	3.419	-0.069	-1.97%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.94	-1.08	-1.03%
Natural Gas • 11 mins	2.996	-0.008	-0.27%
Heating Oil • 11 mins	3.869	-0.079	-1.99%

Headlines

1,071 days Will The ECB Continue To Hike Rates?
1,071 days Forbes: Aramco Remains Largest Company In The Middle East
1,073 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,473 days Could Crypto Overtake Traditional Investment?
1,478 days Americans Still Quitting Jobs At Record Pace
1,480 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,483 days Is The Dollar Too Strong?
1,483 days Big Tech Disappoints Investors on Earnings Calls
1,484 days Fear And Celebration On Twitter as Musk Takes The Reins
1,486 days China Is Quietly Trying To Distance Itself From Russia
1,486 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,490 days Crypto Investors Won Big In 2021
1,490 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,491 days Food Prices Are Skyrocketing As Putin’s War Persists
1,493 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,494 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,497 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,498 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,498 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,500 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 Highs

By - Oct 01, 2013, 5:58 AM CDT

GBP/USD is moving above its resistance at 1.6179. Monitor the strong resistance area between 1.6302 and 1.6381. An initial support is at 1.6129 (intraday low). A key support stands at 1.5956.

In the longer term, prices are close to the strong resistance area between 1.6302 (30/04/2012 high) and 1.6381 (see also the longterm declining trendlines). Given the increasing overbought conditions, we would be mediumterm cautious on GBP/USD, as it has already priced in a lot of positive news.

Daily Technical Report