Commodity Prices

Gold •590 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,084.30	+62.60	+3.10%
WTI Crude •11 mins	63.14	+0.30	+0.48%
Gasoline •11 mins	1.914	-0.002	-0.09%
Ethanol •590 days	2.161	+0.000	+0.00%
Silver •590 days	30.82	+1.16	+3.92%

Silver • 590 days	30.82	+1.16	+3.92%
Copper • 590 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.95	+0.43	+0.64%
Natural Gas • 11 mins	3.265	+0.048	+1.49%
Heating Oil • 11 mins	2.397	+0.004	+0.18%

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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