Commodity Prices

Gold •351 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,302.40	-10.70	-0.81%
WTI Crude •3 hours	75.80	+0.66	+0.88%
Gasoline •3 hours	2.322	+0.013	+0.57%
Ethanol •351 days	2.161	+0.000	+0.00%
Silver •351 days	30.82	+1.16	+3.92%

Silver • 351 days	30.82	+1.16	+3.92%
Copper • 351 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	78.85	+2.15	+2.80%
Natural Gas • 3 hours	4.083	+0.094	+2.36%
Heating Oil • 3 hours	2.603	+0.070	+2.75%

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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