Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,601.10	-1.20	-0.07%
WTI Crude •11 mins	84.54	+0.08	+0.09%
Gasoline •2 hours	3.352	-0.046	-1.34%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.83	+0.09	+0.10%
Natural Gas • 11 mins	2.742	+0.020	+0.73%
Heating Oil • 2 hours	4.315	-0.055	-1.26%

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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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