Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	945.50	-11.10	-1.16%
WTI Crude •10 mins	64.71	-2.24	-3.35%
Gasoline •11 mins	2.108	-0.057	-2.62%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.96	-2.18	-3.11%
Natural Gas • 10 mins	4.093	-0.045	-1.09%
Heating Oil • 10 mins	2.129	-0.060	-2.75%

Headlines

659 days Will The ECB Continue To Hike Rates?
659 days Forbes: Aramco Remains Largest Company In The Middle East
661 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,061 days Could Crypto Overtake Traditional Investment?
1,066 days Americans Still Quitting Jobs At Record Pace
1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,071 days Is The Dollar Too Strong?
1,071 days Big Tech Disappoints Investors on Earnings Calls
1,072 days Fear And Celebration On Twitter as Musk Takes The Reins
1,073 days China Is Quietly Trying To Distance Itself From Russia
1,074 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,078 days Crypto Investors Won Big In 2021
1,078 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,079 days Food Prices Are Skyrocketing As Putin’s War Persists
1,081 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,085 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,086 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,086 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,088 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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 - Rouge Collapse

By - Oct 07, 2016, 6:46 AM CDT

GBP/USD has collapsed in Asia trading, with reports of 1.14 lows but is now consolidating around the 1.2424 handle. Resistance is located at 1.2620 (declining trendline) then 1.2873 (03/10/2016). Support base is now building at 1.2354. Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend.

Daily Technical Report