Commodity Prices

Gold •484 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,619.90	+5.60	+0.35%
WTI Crude •11 mins	60.30	-0.27	-0.45%
Gasoline •1 hour	1.977	-0.026	-1.31%
Ethanol •484 days	2.161	+0.000	+0.00%
Silver •484 days	30.82	+1.16	+3.92%

Silver • 484 days	30.82	+1.16	+3.92%
Copper • 484 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.74	-0.26	-0.40%
Natural Gas • 11 mins	4.058	+0.102	+2.58%
Heating Oil • 2 hours	2.427	-0.034	-1.36%

Headlines

868 days Will The ECB Continue To Hike Rates?
869 days Forbes: Aramco Remains Largest Company In The Middle East
870 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,270 days Could Crypto Overtake Traditional Investment?
1,275 days Americans Still Quitting Jobs At Record Pace
1,277 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,280 days Is The Dollar Too Strong?
1,280 days Big Tech Disappoints Investors on Earnings Calls
1,281 days Fear And Celebration On Twitter as Musk Takes The Reins
1,283 days China Is Quietly Trying To Distance Itself From Russia
1,283 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,287 days Crypto Investors Won Big In 2021
1,287 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,288 days Food Prices Are Skyrocketing As Putin’s War Persists
1,290 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,291 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,294 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,295 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,295 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,297 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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