Commodity Prices

Gold •136 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	945.10	+1.10	+0.12%
WTI Crude •1 day	67.02	-1.68	-2.45%
Gasoline •1 day	1.949	-0.032	-1.63%
Ethanol •136 days	2.161	+0.000	+0.00%
Silver •136 days	30.82	+1.16	+3.92%

Silver • 136 days	30.82	+1.16	+3.92%
Copper • 136 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	71.04	-1.52	-2.09%
Natural Gas • 1 day	2.823	+0.038	+1.36%
Heating Oil • 1 day	2.171	-0.041	-1.87%

Headlines

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

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Bearish Momentum

By - Feb 29, 2016, 5:58 AM CST

GBP/USD keeps on pushing lower. Hourly support lies at 1.3842 (intraday low) and hourly resistance is given at 1.4043 (26/02/2016 high). The technical structure suggests further decline. The road is wide open to stronger support at 1.3657 (11/03/2009 low).

The long-term technical pattern is negative and favours a further decline towards the key support at 1.3503 (23/01/2009 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