Commodity Prices

Gold •704 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,756.20	-41.70	-2.32%
WTI Crude •10 mins	94.23	+3.69	+4.08%
Gasoline •11 mins	3.132	+0.086	+2.82%
Ethanol •704 days	2.161	+0.000	+0.00%
Silver •704 days	30.82	+1.16	+3.92%

Silver • 704 days	30.82	+1.16	+3.92%
Copper • 704 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	97.08	+3.99	+4.29%
Natural Gas • 11 mins	3.165	-0.064	-1.98%
Heating Oil • 11 mins	3.725	+0.138	+3.84%

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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.

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