Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	931.10	-3.50	-0.37%
WTI Crude •11 mins	70.51	-0.07	-0.10%
Gasoline •11 mins	1.942	-0.001	-0.07%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.26	-0.13	-0.18%
Natural Gas • 10 mins	3.485	+0.111	+3.29%
Heating Oil • 10 mins	2.250	-0.005	-0.24%

Headlines

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

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…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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

GBPUSD - New Highs are Bullish

By - Jun 20, 2016, 6:29 AM CDT

GBP/USD surged to 1.4662, clearing solid supply regions. has broken the resistance at 1.4597 (07/06/2016 reaction high), confirming the underlying bullish trend. Resistance is given at 1.4735 (26/05/2016 high) and a stronger one is located at 1.4762 (03/05/2016 high). Hourly support can be located at 1.4430 (gap open high). Expected to confirm deeper selling pressures as gaps are closed.

The long-term technical pattern is negative and favours a further decline towards 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