"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •274 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 928.40 | -28.20 | -2.95% |
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WTI Crude •15 mins | 61.96 | -4.99 | -7.45% |
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Gasoline •15 mins | 2.044 | -0.120 | -5.55% |
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Ethanol •274 days | 2.161 | +0.000 | +0.00% |
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Silver •274 days | 30.82 | +1.16 | +3.92% |
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Silver • 274 days | 30.82 | +1.16 | +3.92% | |
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Copper • 274 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 65.66 | -4.48 | -6.39% | |
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Natural Gas • 15 mins | 3.933 | -0.205 | -4.95% | |
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Heating Oil • 15 mins | 2.075 | -0.114 | -5.23% |
Earnings season is well underway,…
More freeports open around the…
This aging bull market may…
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.
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