Commodity Prices

Gold •144 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.10	+4.60	+0.47%
WTI Crude •1 day	71.24	+1.14	+1.63%
Gasoline •1 day	2.061	+0.002	+0.10%
Ethanol •144 days	2.161	+0.000	+0.00%
Silver •144 days	30.82	+1.16	+3.92%

Silver • 144 days	30.82	+1.16	+3.92%
Copper • 144 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	75.17	+0.94	+1.27%
Natural Gas • 1 day	3.129	-0.210	-6.29%
Heating Oil • 1 day	2.275	+0.001	+0.02%

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GBP/USD - Targeting Support At 1.2083

By - Jan 10, 2017, 7:22 AM CST

GBP/USD has reversed after false break out of recent bearish channel. Hourly support lies at 1.2083 (25/10/2016 low) while hourly resistance lies at 1.2268 (intraday high). The technical structure suggests further downside.

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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