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Gold •134 days	2,368.70	+35.30	+1.51%
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WTI Crude •10 mins	68.25	-0.45	-0.66%
Gasoline •11 mins	1.966	-0.016	-0.79%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
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Brent Crude • 10 mins	72.08	-0.48	-0.66%
Natural Gas • 11 mins	2.768	-0.017	-0.61%
Heating Oil • 10 mins	2.197	-0.015	-0.68%

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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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