Commodity Prices

Gold •642 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,991.00	+13.50	+0.68%
WTI Crude •11 mins	113.27	+0.86	+0.77%
Gasoline •12 mins	3.310	+0.002	+0.05%
Ethanol •642 days	2.161	+0.000	+0.00%
Silver •642 days	30.82	+1.16	+3.92%

Silver • 642 days	30.82	+1.16	+3.92%
Copper • 642 days	4.530	+0.111	+2.51%
Brent Crude • 50 mins	109.77	+0.74	+0.68%
Natural Gas • 11 mins	2.808	-0.003	-0.11%
Heating Oil • 13 mins	4.378	+0.050	+1.15%

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GBP/USD - Growing Bullish Momentum

By - Sep 02, 2016, 6:43 AM CDT

GBP/USD has exited its hourly range by breaking hourly resistance at 1.3279 (26/08/2016 high). Last significant low can be found at 1.2866 (15/08/2016 low). Closest support is given at 1.3024 (19/08/2016 low). As expected the low volatility was indicating that selling pressures were fading.

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