Commodity Prices

Gold •346 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,211.90	-63.20	-4.96%
WTI Crude •1 day	72.98	+4.94	+7.26%
Gasoline •1 day	2.228	+0.085	+3.95%
Ethanol •346 days	2.161	+0.000	+0.00%
Silver •346 days	30.82	+1.16	+3.92%

Silver • 346 days	30.82	+1.16	+3.92%
Copper • 346 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	74.23	+4.87	+7.02%
Natural Gas • 1 day	3.581	+0.089	+2.55%
Heating Oil • 1 day	2.359	+0.170	+7.77%

Headlines

731 days Will The ECB Continue To Hike Rates?
731 days Forbes: Aramco Remains Largest Company In The Middle East
733 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,133 days Could Crypto Overtake Traditional Investment?
1,138 days Americans Still Quitting Jobs At Record Pace
1,140 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,143 days Is The Dollar Too Strong?
1,143 days Big Tech Disappoints Investors on Earnings Calls
1,144 days Fear And Celebration On Twitter as Musk Takes The Reins
1,145 days China Is Quietly Trying To Distance Itself From Russia
1,146 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,150 days Crypto Investors Won Big In 2021
1,150 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,151 days Food Prices Are Skyrocketing As Putin’s War Persists
1,153 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,154 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,157 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,158 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,158 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,160 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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 - Low Volatility

By - Jul 25, 2016, 6:11 AM CDT

GBP/USD is trading slightly higher. Yet, bullish pressures seems to fade. Expected to break lower symmetrical triangle and to target support at 1.2798 (06/07/2016 low). Hourly resistance is located at 1.3291 (22/07/2016 high). Stronger resistance at 1.3534 (29/06/2016 high) looks far.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

Daily Technical Report