Commodity Prices

Gold •840 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,595.10	-40.80	-2.49%
WTI Crude •11 mins	98.67	+1.52	+1.56%
Gasoline •19 mins	3.160	+0.040	+1.27%
Ethanol •840 days	2.161	+0.000	+0.00%
Silver •840 days	30.82	+1.16	+3.92%

Silver • 840 days	30.82	+1.16	+3.92%
Copper • 840 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.92	+2.10	+1.93%
Natural Gas • 11 mins	2.734	-0.056	-2.01%
Heating Oil • 13 mins	4.848	+0.084	+1.77%

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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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