Commodity Prices

Gold •320 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,005.00	+14.80	+1.49%
WTI Crude •10 mins	62.63	+0.14	+0.22%
Gasoline •10 mins	2.138	-0.004	-0.18%
Ethanol •320 days	2.161	+0.000	+0.00%
Silver •320 days	30.82	+1.16	+3.92%

Silver • 320 days	30.82	+1.16	+3.92%
Copper • 320 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.51	+0.10	+0.15%
Natural Gas • 10 mins	3.113	-0.221	-6.63%
Heating Oil • 10 mins	2.128	-0.012	-0.58%

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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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