Commodity Prices

Gold •794 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,826.00	-8.00	-0.44%
WTI Crude •21 hours	91.48	+0.18	+0.20%
Gasoline •21 hours	3.215	+0.080	+2.54%
Ethanol •794 days	2.161	+0.000	+0.00%
Silver •794 days	30.82	+1.16	+3.92%

Silver • 794 days	30.82	+1.16	+3.92%
Copper • 794 days	4.530	+0.111	+2.51%
Brent Crude • 20 hours	96.28	+0.76	+0.80%
Natural Gas • 21 hours	2.975	+0.062	+2.13%
Heating Oil • 21 hours	4.540	-0.053	-1.16%

Headlines

1,178 days Will The ECB Continue To Hike Rates?
1,178 days Forbes: Aramco Remains Largest Company In The Middle East
1,180 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,580 days Could Crypto Overtake Traditional Investment?
1,585 days Americans Still Quitting Jobs At Record Pace
1,587 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,590 days Is The Dollar Too Strong?
1,590 days Big Tech Disappoints Investors on Earnings Calls
1,591 days Fear And Celebration On Twitter as Musk Takes The Reins
1,593 days China Is Quietly Trying To Distance Itself From Russia
1,593 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,597 days Crypto Investors Won Big In 2021
1,597 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,598 days Food Prices Are Skyrocketing As Putin’s War Persists
1,600 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,601 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,604 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,605 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,605 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,607 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Challenging Key Support

By - Sep 23, 2015, 5:27 AM CDT

GBP/USD has broken the support at 1.5385 (uptrend channel), opening the way for a new test of the support implied by key hourly support given at 1.5330 (15/09/2015 low). Hourly resistance can be found at 1.5659 (27/08/2015 high). Stronger support is given at 1.5165(04/09/2015 low).

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

Daily Technical Report