Commodity Prices

Gold •338 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •18 hours	64.58	+1.21	+1.91%
Gasoline •18 hours	2.077	+0.014	+0.67%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •338 days	30.82	+1.16	+3.92%

Silver • 338 days	30.82	+1.16	+3.92%
Copper • 338 days	4.530	+0.111	+2.51%
Brent Crude • 17 hours	66.47	+1.13	+1.73%
Natural Gas • 18 hours	3.784	+0.107	+2.91%
Heating Oil • 18 hours	2.125	+0.031	+1.47%

Headlines

723 days Will The ECB Continue To Hike Rates?
723 days Forbes: Aramco Remains Largest Company In The Middle East
725 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,125 days Could Crypto Overtake Traditional Investment?
1,130 days Americans Still Quitting Jobs At Record Pace
1,132 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,135 days Is The Dollar Too Strong?
1,135 days Big Tech Disappoints Investors on Earnings Calls
1,136 days Fear And Celebration On Twitter as Musk Takes The Reins
1,138 days China Is Quietly Trying To Distance Itself From Russia
1,138 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,142 days Crypto Investors Won Big In 2021
1,142 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,143 days Food Prices Are Skyrocketing As Putin’s War Persists
1,145 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,146 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,149 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,150 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,150 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,152 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Monitoring Hourly Support At 1.4475

By - May 04, 2016, 5:47 AM CDT

GBP/USD has lost two figures yesterday and is now approaching support at 1.4475 (27/04/2016 low). Hourly resistance is given at 1.4770 (03/05/2016 high). Stronger resistance is given at 1.4969 (27/12/2016 high). Expected to show further consolidation before entering into another upside move.

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