Commodity Prices

Gold •333 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,051.10	-3.80	-0.36%
WTI Crude •10 mins	62.59	+1.80	+2.96%
Gasoline •10 mins	2.051	+0.036	+1.78%
Ethanol •333 days	2.161	+0.000	+0.00%
Silver •333 days	30.82	+1.16	+3.92%

Silver • 333 days	30.82	+1.16	+3.92%
Copper • 333 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.37	+1.59	+2.53%
Natural Gas • 10 mins	3.550	+0.103	+2.99%
Heating Oil • 10 mins	2.042	+0.037	+1.84%

Headlines

718 days Will The ECB Continue To Hike Rates?
718 days Forbes: Aramco Remains Largest Company In The Middle East
720 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,120 days Could Crypto Overtake Traditional Investment?
1,124 days Americans Still Quitting Jobs At Record Pace
1,126 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,129 days Is The Dollar Too Strong?
1,130 days Big Tech Disappoints Investors on Earnings Calls
1,131 days Fear And Celebration On Twitter as Musk Takes The Reins
1,132 days China Is Quietly Trying To Distance Itself From Russia
1,133 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,137 days Crypto Investors Won Big In 2021
1,137 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,138 days Food Prices Are Skyrocketing As Putin’s War Persists
1,140 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,140 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,144 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,144 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,145 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,147 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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…

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 - Moving Sharply Lower

By - Nov 09, 2015, 5:44 AM CST

GBP/USD is declining sharply invalidating the recent short-term uptrend and suggesting a deeper corrective phase. Next support can now be found at 1.5026. Hourly resistances stand at 1.5219 (05/11/2015 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