Commodity Prices

Gold •188 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	973.80	-2.90	-0.30%
WTI Crude •10 mins	74.63	+0.38	+0.51%
Gasoline •10 mins	2.033	+0.007	+0.33%
Ethanol •188 days	2.161	+0.000	+0.00%
Silver •188 days	30.82	+1.16	+3.92%

Silver • 188 days	30.82	+1.16	+3.92%
Copper • 188 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	77.35	+0.30	+0.39%
Natural Gas • 10 mins	3.453	+0.004	+0.12%
Heating Oil • 10 mins	2.376	+0.010	+0.43%

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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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