Commodity Prices

Gold •690 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,976.80	+37.10	+1.91%
WTI Crude •11 mins	92.21	-4.39	-4.54%
Gasoline •33 mins	3.328	-0.126	-3.64%
Ethanol •690 days	2.161	+0.000	+0.00%
Silver •690 days	30.82	+1.16	+3.92%

Silver • 690 days	30.82	+1.16	+3.92%
Copper • 690 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.07	-4.47	-4.32%
Natural Gas • 12 mins	2.891	-0.016	-0.55%
Heating Oil • 33 mins	3.781	-0.107	-2.76%

Headlines

1,074 days Will The ECB Continue To Hike Rates?
1,075 days Forbes: Aramco Remains Largest Company In The Middle East
1,076 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,476 days Could Crypto Overtake Traditional Investment?
1,481 days Americans Still Quitting Jobs At Record Pace
1,483 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,486 days Is The Dollar Too Strong?
1,486 days Big Tech Disappoints Investors on Earnings Calls
1,487 days Fear And Celebration On Twitter as Musk Takes The Reins
1,489 days China Is Quietly Trying To Distance Itself From Russia
1,489 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,493 days Crypto Investors Won Big In 2021
1,493 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,494 days Food Prices Are Skyrocketing As Putin’s War Persists
1,496 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,497 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,500 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,501 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,501 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,503 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Sharp Decline

By - Jun 09, 2017, 6:15 AM CDT

GBP/USD has broken sharply hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show further decline.

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