Commodity Prices

Gold •822 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,700.00	-22.80	-1.32%
WTI Crude •1 day	91.11	-1.76	-1.90%
Gasoline •1 day	3.312	-0.090	-2.65%
Ethanol •822 days	2.161	+0.000	+0.00%
Silver •822 days	30.82	+1.16	+3.92%

Silver • 822 days	30.82	+1.16	+3.92%
Copper • 822 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	102.25	-0.06	-0.06%
Natural Gas • 1 day	3.035	+0.068	+2.29%
Heating Oil • 1 day	4.501	-0.141	-3.04%

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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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