Commodity Prices

Gold •658 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,042.00	-46.10	-2.21%
WTI Crude •11 mins	93.12	+0.16	+0.17%
Gasoline •11 mins	3.367	+0.009	+0.26%
Ethanol •658 days	2.161	+0.000	+0.00%
Silver •658 days	30.82	+1.16	+3.92%

Silver • 658 days	30.82	+1.16	+3.92%
Copper • 658 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	102.44	+0.53	+0.52%
Natural Gas • 11 mins	2.602	-0.120	-4.41%
Heating Oil • 11 mins	3.882	-0.056	-1.41%

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GBP/USD - Wide-Open Towards Resistance At 1.2771

By - Jan 26, 2017, 6:15 AM CST

GBP/USD's demand has largely increased towards 1.2771 fading around 1.2550. The technical structure is still anyway showing positive potential. Hourly support is given at 1.2254 (19/01/2016 low). Expected to show further bullish move.

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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