Commodity Prices

Gold •10 mins	1,850.20	-15.90	-0.85%
Platinum •10 mins	910.10	-5.80	-0.63%
WTI Crude •10 mins	91.76	+0.97	+1.07%
Gasoline •10 mins	2.429	+0.030	+1.24%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •10 mins	21.84	-0.61	-2.72%

Silver • 10 mins	21.84	-0.61	-2.72%
Copper • 10 mins	3.704	-0.034	-0.90%
Brent Crude • 10 mins	93.19	+0.99	+1.07%
Natural Gas • 10 mins	2.926	-0.003	-0.10%
Heating Oil • 10 mins	3.325	+0.025	+0.74%

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GBP/USD - Breaking Support At 1.2302

By - Dec 23, 2016, 7:00 AM CST

GBP/USD is trading below former uptrend channel. Strong support at 1.2302 (18/11/2016 low) has been broken while resistance lies at 1.2509 (16/12/2016 high). The technical structure suggests further weakness.

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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