Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,977.90	+38.20	+1.97%
WTI Crude •3 hours	90.30	-6.30	-6.52%
Gasoline •4 hours	3.296	-0.158	-4.58%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	96.14	-7.40	-7.15%
Natural Gas • 3 hours	2.913	+0.006	+0.21%
Heating Oil • 3 hours	3.746	-0.142	-3.66%

Headlines

1,075 days Will The ECB Continue To Hike Rates?
1,076 days Forbes: Aramco Remains Largest Company In The Middle East
1,077 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,477 days Could Crypto Overtake Traditional Investment?
1,482 days Americans Still Quitting Jobs At Record Pace
1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,487 days Is The Dollar Too Strong?
1,487 days Big Tech Disappoints Investors on Earnings Calls
1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
1,490 days China Is Quietly Trying To Distance Itself From Russia
1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,494 days Crypto Investors Won Big In 2021
1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,504 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - Heading Towards Support At 1.2757

By - May 29, 2017, 6:43 AM CDT

GBP/USD is trading lower. Hourly resistance lies at 1.3048 (18/05/2017 high). Hourly support given at 1.2831 (04/05/2017 low) has been broken. The pair is heading towards stronger support at 1.2757 (21/04/2017 low). An unlikely break of this last support would indicate further weakness. Expected to show renewed bullish pressures.

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