Commodity Prices

Gold •135 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	945.10	+1.10	+0.12%
WTI Crude •9 hours	67.02	-1.68	-2.45%
Gasoline •9 hours	1.949	-0.032	-1.63%
Ethanol •135 days	2.161	+0.000	+0.00%
Silver •135 days	30.82	+1.16	+3.92%

Silver • 135 days	30.82	+1.16	+3.92%
Copper • 135 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	71.04	-1.52	-2.09%
Natural Gas • 9 hours	2.823	+0.038	+1.36%
Heating Oil • 9 hours	2.171	-0.041	-1.87%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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