Commodity Prices

Gold •718 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,684.70	+16.50	+0.99%
WTI Crude •11 mins	75.43	-0.42	-0.55%
Gasoline •16 mins	2.978	-0.017	-0.57%
Ethanol •718 days	2.161	+0.000	+0.00%
Silver •718 days	30.82	+1.16	+3.92%

Silver • 718 days	30.82	+1.16	+3.92%
Copper • 718 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.23	-1.34	-1.66%
Natural Gas • 11 mins	3.299	+0.066	+2.04%
Heating Oil • 17 mins	3.151	+0.024	+0.76%

Headlines

1,103 days Will The ECB Continue To Hike Rates?
1,103 days Forbes: Aramco Remains Largest Company In The Middle East
1,105 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,505 days Could Crypto Overtake Traditional Investment?
1,509 days Americans Still Quitting Jobs At Record Pace
1,511 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,514 days Is The Dollar Too Strong?
1,515 days Big Tech Disappoints Investors on Earnings Calls
1,516 days Fear And Celebration On Twitter as Musk Takes The Reins
1,517 days China Is Quietly Trying To Distance Itself From Russia
1,518 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,522 days Crypto Investors Won Big In 2021
1,522 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,523 days Food Prices Are Skyrocketing As Putin’s War Persists
1,525 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,525 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,529 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,529 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,530 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,532 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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