Commodity Prices

Gold •14 mins	2,347.20	+4.70	+0.20%
Platinum •14 mins	922.10	+1.60	+0.17%
WTI Crude •1 day	83.85	+0.28	+0.34%
Gasoline •1 day	2.765	+0.006	+0.23%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •14 mins	27.54	-0.10	-0.35%

Silver • 14 mins	27.54	-0.10	-0.35%
Copper • 14 mins	4.574	+0.036	+0.78%
Brent Crude • 1 day	89.50	+0.49	+0.55%
Natural Gas • 1 day	1.614	-0.024	-1.47%
Heating Oil • 1 day	2.548	-0.002	-0.09%

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GBP/USD - Direction-Less

By - Feb 10, 2017, 6:49 AM CST

GBP/USD is still trading below resistance given at 1.2771 (05/10/2016 high). The technical structure suggests that the pair should back bouncing lower towards support given at 1.2254 (19/01/2016 low).

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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