Commodity Prices

Gold •339 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •1 day	64.58	+1.21	+1.91%
Gasoline •1 day	2.077	+0.014	+0.67%
Ethanol •339 days	2.161	+0.000	+0.00%
Silver •339 days	30.82	+1.16	+3.92%

Silver • 339 days	30.82	+1.16	+3.92%
Copper • 339 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.47	+1.13	+1.73%
Natural Gas • 1 day	3.784	+0.107	+2.91%
Heating Oil • 1 day	2.125	+0.031	+1.47%

Headlines

724 days Will The ECB Continue To Hike Rates?
724 days Forbes: Aramco Remains Largest Company In The Middle East
726 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,126 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?
1,136 days Big Tech Disappoints Investors on Earnings Calls
1,137 days Fear And Celebration On Twitter as Musk Takes The Reins
1,138 days China Is Quietly Trying To Distance Itself From Russia
1,139 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,143 days Crypto Investors Won Big In 2021
1,143 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
1,146 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,146 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,150 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
1,153 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…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Bearish Breakout

By - Oct 26, 2016, 6:47 AM CDT

GBP/USD has exited symmetrical triangle. Hourly support is now given around 1.2135 (25/10/2016 low) while hourly resistance lies at 1.2332 (19/10/2016 high). Key resistance stands far away at 1.2620 then 1.2873 (03/10/2016). Expected to show continued weakness.

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. Yet, it is very unlikely at the moment.

Daily Technical Report