Commodity Prices

Gold •415 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,363.80	+4.90	+0.36%
WTI Crude •10 mins	63.68	+0.16	+0.25%
Gasoline •10 mins	2.169	+0.009	+0.41%
Ethanol •415 days	2.161	+0.000	+0.00%
Silver •415 days	30.82	+1.16	+3.92%

Silver • 415 days	30.82	+1.16	+3.92%
Copper • 415 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.76	+0.09	+0.13%
Natural Gas • 10 mins	2.696	-0.130	-4.60%
Heating Oil • 10 mins	2.317	-0.008	-0.34%

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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