Commodity Prices

Gold •747 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,634.70	+30.70	+1.91%
WTI Crude •11 mins	82.77	+0.29	+0.35%
Gasoline •11 mins	3.389	+0.000	+0.01%
Ethanol •747 days	2.161	+0.000	+0.00%
Silver •747 days	30.82	+1.16	+3.92%

Silver • 747 days	30.82	+1.16	+3.92%
Copper • 747 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.39	+0.17	+0.19%
Natural Gas • 11 mins	2.879	+0.019	+0.66%
Heating Oil • 11 mins	4.149	+0.030	+0.72%

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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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