Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,624.20	-5.90	-0.36%
WTI Crude •11 mins	71.76	-0.32	-0.44%
Gasoline •12 mins	3.020	-0.019	-0.62%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 35 mins	76.30	-1.72	-2.20%
Natural Gas • 10 mins	3.009	-0.003	-0.10%
Heating Oil • 12 mins	3.549	-0.023	-0.63%

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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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