Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,912.50	+11.90	+0.63%
WTI Crude •11 mins	109.20	+2.32	+2.17%
Gasoline •4 hours	3.732	-0.009	-0.24%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	123.54	+5.51	+4.67%
Natural Gas • 11 mins	2.642	-0.005	-0.19%
Heating Oil • 3 hours	4.217	+0.018	+0.43%

Headlines

1,050 days Will The ECB Continue To Hike Rates?
1,050 days Forbes: Aramco Remains Largest Company In The Middle East
1,052 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,452 days Could Crypto Overtake Traditional Investment?
1,456 days Americans Still Quitting Jobs At Record Pace
1,458 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,461 days Is The Dollar Too Strong?
1,462 days Big Tech Disappoints Investors on Earnings Calls
1,463 days Fear And Celebration On Twitter as Musk Takes The Reins
1,464 days China Is Quietly Trying To Distance Itself From Russia
1,465 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,468 days Crypto Investors Won Big In 2021
1,469 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,470 days Food Prices Are Skyrocketing As Putin’s War Persists
1,472 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,472 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,475 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,476 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,476 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,478 days Are NFTs About To Take Over Gaming?

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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 - Targeting Hourly Support At 1.4300

By - May 09, 2016, 5:56 AM CDT

GBP/USD weakens after the lost of two figures earlier last week. Hourly support is given at 1.4300 (21/04/2016 low). Hourly resistance is given at 1.4543 (06/05/2016 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