Commodity Prices

Gold •15 mins	1,969.60	-3.90	-0.20%
Platinum •15 mins	970.30	-1.60	-0.16%
WTI Crude •10 mins	73.74	+0.54	+0.74%
Gasoline •15 mins	2.717	+0.005	+0.19%
Ethanol •5 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.41	-0.02	-0.06%

Silver • 15 mins	23.41	-0.02	-0.06%
Copper • 15 mins	4.076	-0.010	-0.24%
Brent Crude • 11 mins	78.97	+0.32	+0.41%
Natural Gas • 12 mins	2.008	-0.022	-1.08%
Heating Oil • 16 mins	2.752	-0.018	-0.65%

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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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