Commodity Prices

Gold •437 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,411.70	+11.90	+0.85%
WTI Crude •1 day	62.69	+0.32	+0.51%
Gasoline •1 day	1.985	+0.006	+0.31%
Ethanol •437 days	2.161	+0.000	+0.00%
Silver •437 days	30.82	+1.16	+3.92%

Silver • 437 days	30.82	+1.16	+3.92%
Copper • 437 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.99	+0.62	+0.93%
Natural Gas • 1 day	2.941	+0.007	+0.24%
Heating Oil • 1 day	2.290	+0.008	+0.35%

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GBP/USD - Bearish Breakout

By - Oct 26, 2016, 6:47 AM CDT

GBP/USD has exited symmetrical triangle. Hourly support is now given around 1.2135 (25/10/2016 low) while hourly resistance lies at 1.2332 (19/10/2016 high). Key resistance stands far away at 1.2620 then 1.2873 (03/10/2016). Expected to show continued weakness.

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