Commodity Prices

Gold •494 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,549.10	+11.50	+0.75%
WTI Crude •2 days	59.75	+0.32	+0.54%
Gasoline •2 days	1.940	-0.025	-1.29%
Ethanol •494 days	2.161	+0.000	+0.00%
Silver •494 days	30.82	+1.16	+3.92%

Silver • 494 days	30.82	+1.16	+3.92%
Copper • 494 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	63.63	+0.25	+0.39%
Natural Gas • 2 days	4.315	-0.042	-0.96%
Heating Oil • 2 days	2.482	-0.014	-0.56%

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GBP/USD - Monitoring Uptrend Channel

By - Dec 15, 2016, 6:46 AM CST

GBP/USD is still lying within uptrend channel. Hourly support is given at 1.2302 (18/11/2016 low). Expected to bounce back towards resistance at 1.2771 (05/10/2016 high).

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