Commodity Prices

Gold •326 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,088.40	+7.70	+0.71%
WTI Crude •1 day	61.53	+0.33	+0.54%
Gasoline •1 day	2.109	-0.022	-1.03%
Ethanol •326 days	2.161	+0.000	+0.00%
Silver •326 days	30.82	+1.16	+3.92%

Silver • 326 days	30.82	+1.16	+3.92%
Copper • 326 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	64.78	+0.34	+0.53%
Natural Gas • 1 day	3.334	+0.081	+2.49%
Heating Oil • 1 day	2.105	-0.013	-0.60%

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GBP/USD - Low Volatility

By - Jul 25, 2016, 6:11 AM CDT

GBP/USD is trading slightly higher. Yet, bullish pressures seems to fade. Expected to break lower symmetrical triangle and to target support at 1.2798 (06/07/2016 low). Hourly resistance is located at 1.3291 (22/07/2016 high). Stronger resistance at 1.3534 (29/06/2016 high) looks far.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

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