Commodity Prices

Gold •729 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,633.80	+5.70	+0.35%
WTI Crude •11 mins	68.48	-0.21	-0.31%
Gasoline •28 mins	2.922	+0.005	+0.16%
Ethanol •729 days	2.161	+0.000	+0.00%
Silver •729 days	30.82	+1.16	+3.92%

Silver • 729 days	30.82	+1.16	+3.92%
Copper • 729 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	71.80	+0.23	+0.32%
Natural Gas • 12 mins	3.207	+0.011	+0.34%
Heating Oil • 24 mins	3.186	+0.004	+0.12%

Headlines

1,113 days Will The ECB Continue To Hike Rates?
1,114 days Forbes: Aramco Remains Largest Company In The Middle East
1,115 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,515 days Could Crypto Overtake Traditional Investment?
1,520 days Americans Still Quitting Jobs At Record Pace
1,522 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,525 days Is The Dollar Too Strong?
1,525 days Big Tech Disappoints Investors on Earnings Calls
1,526 days Fear And Celebration On Twitter as Musk Takes The Reins
1,528 days China Is Quietly Trying To Distance Itself From Russia
1,528 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,532 days Crypto Investors Won Big In 2021
1,532 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,533 days Food Prices Are Skyrocketing As Putin’s War Persists
1,535 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,536 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,539 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,540 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,540 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,542 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Sharp Decline Thru Key Support

By - Nov 06, 2015, 5:10 AM CST

GBP/USD has broken the support at 0.9007, invalidating the recent short-term uptrend and suggesting a deeper corrective phase. Next supports can now be found at 1.5140 (06/10/2015 low) and 1.5110 (30/09/2015 low). Hourly resistances stand at 1.5219 (intraday high).

The long-term technical pattern is negative and favours a further decline towards the key support at 1.5089, as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

Daily Technical Report