Commodity Prices

Gold •796 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,834.50	+8.50	+0.47%
WTI Crude •11 mins	94.53	+3.05	+3.33%
Gasoline •11 mins	3.250	+0.035	+1.10%
Ethanol •796 days	2.161	+0.000	+0.00%
Silver •796 days	30.82	+1.16	+3.92%

Silver • 796 days	30.82	+1.16	+3.92%
Copper • 796 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.30	+2.30	+2.37%
Natural Gas • 11 mins	2.976	+0.001	+0.03%
Heating Oil • 11 mins	4.676	+0.135	+2.98%

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GBP/USD - Bearish Breakout

By - Sep 14, 2016, 6:13 AM CDT

GBP/USD is moving lower. The pair has broken support implied by the lower bound of the uptrend channel. Hourly resistance is given at 1.3445 (06/09/2016 high). Key resistance is given at 1.3534 (29/06/2016 high). Hourly support is given at 1.3236 (12/09/2016 low). Expected to further increase.

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.

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