Commodity Prices

Gold •10 mins	2,000.60	+51.00	+2.62%
Platinum •10 mins	991.30	+4.30	+0.44%
WTI Crude •10 mins	70.06	-0.84	-1.18%
Gasoline •11 mins	2.613	+0.020	+0.76%
Ethanol •20 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.30	+0.51	+2.23%

Silver • 10 mins	23.30	+0.51	+2.23%
Copper • 10 mins	4.112	+0.067	+1.66%
Brent Crude • 10 mins	75.98	-0.71	-0.93%
Natural Gas • 11 mins	2.156	-0.015	-0.69%
Heating Oil • 11 mins	2.703	-0.038	-1.38%

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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.

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