Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	970.10	-0.40	-0.04%
WTI Crude •10 mins	70.29	+0.19	+0.27%
Gasoline •22 mins	2.059	-0.001	-0.03%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.38	+0.15	+0.20%
Natural Gas • 10 mins	3.430	+0.091	+2.73%
Heating Oil • 14 mins	2.277	+0.002	+0.09%

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GBP/USD - Heading Lower

By - Mar 06, 2017, 9:30 AM CST

GBP/USD has broken support given at 1.2254 (19/01/2017 low). Hourly resistance is given at 1.2570 (24/02/2017 high) w). The road is wide open for further decline.

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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