Commodity Prices

Gold •144 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.10	+4.60	+0.47%
WTI Crude •1 day	71.24	+1.14	+1.63%
Gasoline •1 day	2.061	+0.002	+0.10%
Ethanol •144 days	2.161	+0.000	+0.00%
Silver •144 days	30.82	+1.16	+3.92%

Silver • 144 days	30.82	+1.16	+3.92%
Copper • 144 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	75.17	+0.94	+1.27%
Natural Gas • 1 day	3.129	-0.210	-6.29%
Heating Oil • 1 day	2.275	+0.001	+0.02%

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GBP/USD - Bullish Breakout

By - Jan 27, 2016, 5:41 AM CST

GBP/USD has exited the downtrend channel. Hourly resistance at 1.4363 (22/01/2016 high) has been broken but the pair failed to hold above it. Stronger resistance can be found at 1.5336 (19/11/2015 high). Expected to show further monitoring around 1.4350.

The long-term technical pattern is negative and favours a further decline towards the key support at 1.3503 (23/01/2009 low), as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

Daily Technical Report