Commodity Prices

Gold •713 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,811.70	-3.00	-0.17%
WTI Crude •11 mins	76.73	+0.68	+0.89%
Gasoline •15 mins	2.899	+0.018	+0.62%
Ethanol •713 days	2.161	+0.000	+0.00%
Silver •713 days	30.82	+1.16	+3.92%

Silver • 713 days	30.82	+1.16	+3.92%
Copper • 713 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	78.96	-4.21	-5.06%
Natural Gas • 14 mins	3.256	+0.017	+0.52%
Heating Oil • 12 mins	3.204	+0.034	+1.06%

Headlines

1,097 days Will The ECB Continue To Hike Rates?
1,098 days Forbes: Aramco Remains Largest Company In The Middle East
1,099 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,499 days Could Crypto Overtake Traditional Investment?
1,504 days Americans Still Quitting Jobs At Record Pace
1,506 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,509 days Is The Dollar Too Strong?
1,509 days Big Tech Disappoints Investors on Earnings Calls
1,510 days Fear And Celebration On Twitter as Musk Takes The Reins
1,512 days China Is Quietly Trying To Distance Itself From Russia
1,512 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,516 days Crypto Investors Won Big In 2021
1,516 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,517 days Food Prices Are Skyrocketing As Putin’s War Persists
1,519 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,520 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,523 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,524 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,524 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,526 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Will it be Able to Make a Higher High?

By - Oct 22, 2014, 5:52 AM CDT

GBP/USD has bounced sharply near the key support at 1.5855. However, prices have thus far failed to invalidate their succession of lower highs. As a result, monitor the resistance at 1.6227. Hourly supports lie at 1.6030 (17/10/2014 low) and 1.5942 (16/10/2014 low). Another resistance stands at 1.6287.

In the longer term, the collapse in prices after having reached 4-year highs has created a strong resistance at 1.7192, which is unlikely to be broken in the coming months. Despite the recent short-term bearish momentum, we favour a temporary rebound near the support at 1.5855 (12/11/2013 low). A key resistance lies at 1.6525.

Daily Technical Report