Commodity Prices

Gold •303 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.10	-1.00	-0.10%
WTI Crude •7 hours	58.29	-0.95	-1.60%
Gasoline •7 hours	2.020	-0.029	-1.43%
Ethanol •303 days	2.161	+0.000	+0.00%
Silver •303 days	30.82	+1.16	+3.92%

Silver • 303 days	30.82	+1.16	+3.92%
Copper • 303 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	61.29	-0.84	-1.35%
Natural Gas • 7 hours	3.630	+0.151	+4.34%
Heating Oil • 7 hours	1.993	-0.019	-0.93%

Headlines

688 days Will The ECB Continue To Hike Rates?
688 days Forbes: Aramco Remains Largest Company In The Middle East
690 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,089 days Could Crypto Overtake Traditional Investment?
1,094 days Americans Still Quitting Jobs At Record Pace
1,096 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,099 days Is The Dollar Too Strong?
1,099 days Big Tech Disappoints Investors on Earnings Calls
1,100 days Fear And Celebration On Twitter as Musk Takes The Reins
1,102 days China Is Quietly Trying To Distance Itself From Russia
1,102 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,106 days Crypto Investors Won Big In 2021
1,107 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,107 days Food Prices Are Skyrocketing As Putin’s War Persists
1,110 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,110 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,113 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,114 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,114 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,116 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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: Breaching Support at 1.6258

By - Dec 18, 2013, 6:22 AM CST

GBP/USD has moved below the support at 1.6258 but has failed to make a daily close below it. Monitor the subsequent bounce. Hourly resistances are at 1.6349 (16/12/2013 high) and 1.6418 (12/12/2013 high). An initial support now stands at 1.6220 (17/12/2013 low). Another support lies at 1.6134.

In the longer-term, we need to see a decisive break of the major resistance at 1.6381 to open the way for a further long-term rise towards the strong resistance at 1.7043 (05/08/2009 high).

Daily Technical Report