Commodity Prices

Gold •199 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	965.50	+17.10	+1.80%
WTI Crude •20 hours	77.88	-0.80	-1.02%
Gasoline •20 hours	2.112	-0.011	-0.52%
Ethanol •199 days	2.161	+0.000	+0.00%
Silver •199 days	30.82	+1.16	+3.92%

Silver • 199 days	30.82	+1.16	+3.92%
Copper • 199 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	80.79	-0.50	-0.62%
Natural Gas • 20 hours	3.948	-0.310	-7.28%
Heating Oil • 20 hours	2.621	+0.004	+0.15%

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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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