Commodity Prices

Gold •481 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,547.00	-36.50	-2.31%
WTI Crude •11 mins	60.47	-0.84	-1.37%
Gasoline •11 mins	1.910	-0.011	-0.56%
Ethanol •481 days	2.161	+0.000	+0.00%
Silver •481 days	30.82	+1.16	+3.92%

Silver • 481 days	30.82	+1.16	+3.92%
Copper • 481 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.76	-0.86	-1.31%
Natural Gas • 11 mins	3.341	-0.101	-2.93%
Heating Oil • 11 mins	2.399	-0.038	-1.54%

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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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