Commodity Prices

Gold •492 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,549.10	+11.50	+0.75%
WTI Crude •19 hours	59.75	+0.32	+0.54%
Gasoline •19 hours	1.940	-0.025	-1.29%
Ethanol •492 days	2.161	+0.000	+0.00%
Silver •492 days	30.82	+1.16	+3.92%

Silver • 492 days	30.82	+1.16	+3.92%
Copper • 492 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	63.63	+0.25	+0.39%
Natural Gas • 19 hours	4.315	-0.042	-0.96%
Heating Oil • 19 hours	2.482	-0.014	-0.56%

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GBP/USD - Bullish Breakout

By - Nov 11, 2016, 7:11 AM CST

GBP/USD has broken resistance at 1.2557 (04/11/2016 high) while hourly support is given at 1.2354 (09/11/2016 low). Strong resistance stands far away at 1.2771 (05/10/2016 high). The shortterm technical structure suggest further strengthening.

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