Commodity Prices

Gold •792 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,838.90	+74.30	+4.21%
WTI Crude •11 mins	91.14	+0.13	+0.14%
Gasoline •11 mins	3.122	+0.019	+0.60%
Ethanol •792 days	2.161	+0.000	+0.00%
Silver •792 days	30.82	+1.16	+3.92%

Silver • 792 days	30.82	+1.16	+3.92%
Copper • 792 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	95.26	-0.37	-0.39%
Natural Gas • 11 mins	2.910	-0.046	-1.56%
Heating Oil • 11 mins	4.597	-0.085	-1.82%

Headlines

1,176 days Will The ECB Continue To Hike Rates?
1,176 days Forbes: Aramco Remains Largest Company In The Middle East
1,178 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,578 days Could Crypto Overtake Traditional Investment?
1,583 days Americans Still Quitting Jobs At Record Pace
1,585 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,588 days Is The Dollar Too Strong?
1,588 days Big Tech Disappoints Investors on Earnings Calls
1,589 days Fear And Celebration On Twitter as Musk Takes The Reins
1,591 days China Is Quietly Trying To Distance Itself From Russia
1,591 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,595 days Crypto Investors Won Big In 2021
1,595 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,596 days Food Prices Are Skyrocketing As Putin’s War Persists
1,598 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,599 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,602 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,603 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,603 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,605 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Moving Sharply Higher

By - Apr 19, 2017, 6:21 AM CDT

GBP/USD is moving sharply higher from key support at 1.2334, suggesting a deeper shortterm base formation. Resistance stands at 1.2605 (18/04/2017 reaction high) then 1.2953. An hourly support can be found at 1.2581 (12/04/2017 base) then 1.2405 (11/04/2017 low).

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