Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	927.60	-7.00	-0.75%
WTI Crude •15 mins	70.19	-0.39	-0.55%
Gasoline •17 mins	1.935	-0.008	-0.40%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.02	-0.37	-0.50%
Natural Gas • 10 mins	3.414	+0.040	+1.19%
Heating Oil • 13 mins	2.245	-0.010	-0.44%

Headlines

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

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Monitoring Uptrend Channel

By - Dec 15, 2016, 6:46 AM CST

GBP/USD is still lying within uptrend channel. Hourly support is given at 1.2302 (18/11/2016 low). Expected to bounce back towards resistance at 1.2771 (05/10/2016 high).

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