Commodity Prices

Gold •672 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,068.80	+6.20	+0.30%
WTI Crude •19 hours	89.83	-12.44	-12.16%
Gasoline •19 hours	3.324	-0.297	-8.20%
Ethanol •672 days	2.161	+0.000	+0.00%
Silver •672 days	30.82	+1.16	+3.92%

Silver • 672 days	30.82	+1.16	+3.92%
Copper • 672 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	98.33	-11.54	-10.50%
Natural Gas • 19 hours	2.720	-0.068	-2.44%
Heating Oil • 19 hours	3.612	-0.418	-10.38%

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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.

Daily Technical Report