Commodity Prices

Gold •71 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	988.10	+5.90	+0.60%
WTI Crude •10 mins	69.39	+0.42	+0.61%
Gasoline •10 mins	1.941	+0.014	+0.70%
Ethanol •71 days	2.161	+0.000	+0.00%
Silver •71 days	30.82	+1.16	+3.92%

Silver • 71 days	30.82	+1.16	+3.92%
Copper • 71 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.38	+0.41	+0.57%
Natural Gas • 10 mins	2.366	+0.009	+0.38%
Heating Oil • 10 mins	2.126	+0.007	+0.33%

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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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