Commodity Prices

Gold •354 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,286.30	+21.80	+1.72%
WTI Crude •10 mins	74.24	+0.40	+0.54%
Gasoline •10 mins	2.341	+0.011	+0.47%
Ethanol •354 days	2.161	+0.000	+0.00%
Silver •354 days	30.82	+1.16	+3.92%

Silver • 354 days	30.82	+1.16	+3.92%
Copper • 354 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	77.44	+0.43	+0.56%
Natural Gas • 10 mins	3.788	-0.059	-1.53%
Heating Oil • 10 mins	2.550	+0.008	+0.31%

Headlines

739 days Will The ECB Continue To Hike Rates?
739 days Forbes: Aramco Remains Largest Company In The Middle East
741 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,141 days Could Crypto Overtake Traditional Investment?
1,146 days Americans Still Quitting Jobs At Record Pace
1,148 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,151 days Is The Dollar Too Strong?
1,151 days Big Tech Disappoints Investors on Earnings Calls
1,152 days Fear And Celebration On Twitter as Musk Takes The Reins
1,154 days China Is Quietly Trying To Distance Itself From Russia
1,154 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,158 days Crypto Investors Won Big In 2021
1,158 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,159 days Food Prices Are Skyrocketing As Putin’s War Persists
1,161 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,162 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,165 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,166 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,166 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,168 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Sliding To 6-Year Low

By - Jan 13, 2016, 6:07 AM CST

GBP/USD is weakening and is now trading below 1.4500. Hourly resistance is given at 1.5242 (13/12/2015 high). Stronger resistance can be found at 1.5336 (19/11/2015 high). Expected to show continued weakness.

The long-term technical pattern is negative and favours a further decline towards the key support at 1.4231 (20/05/2010 low), 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