Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	980.20	-12.00	-1.21%
WTI Crude •10 mins	62.95	-0.72	-1.13%
Gasoline •10 mins	2.165	-0.001	-0.04%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.87	-0.76	-1.14%
Natural Gas • 10 mins	3.487	-0.160	-4.39%
Heating Oil • 10 mins	2.202	+0.031	+1.40%

Headlines

699 days Will The ECB Continue To Hike Rates?
699 days Forbes: Aramco Remains Largest Company In The Middle East
701 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,101 days Could Crypto Overtake Traditional Investment?
1,106 days Americans Still Quitting Jobs At Record Pace
1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,111 days Is The Dollar Too Strong?
1,111 days Big Tech Disappoints Investors on Earnings Calls
1,112 days Fear And Celebration On Twitter as Musk Takes The Reins
1,114 days China Is Quietly Trying To Distance Itself From Russia
1,114 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,118 days Crypto Investors Won Big In 2021
1,118 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,119 days Food Prices Are Skyrocketing As Putin’s War Persists
1,121 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,122 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,125 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,126 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,126 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,128 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 - Monitoring Resistance At 1.3000

By - May 18, 2017, 6:32 AM CDT

GBP/USD is trading higher. Hourly resistance is given at 1.2989 (07/05/2017 high). Hourly support are given at 1.2831 (04/05/2017 low) and1.2757 (21/04/2017 low). An unlikely break of this last support would indicate further weakness. Expected to push higher.

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