Commodity Prices

Gold •338 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •6 hours	64.58	+1.21	+1.91%
Gasoline •6 hours	2.077	+0.014	+0.67%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •338 days	30.82	+1.16	+3.92%

Silver • 338 days	30.82	+1.16	+3.92%
Copper • 338 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	66.47	+1.13	+1.73%
Natural Gas • 6 hours	3.784	+0.107	+2.91%
Heating Oil • 6 hours	2.125	+0.031	+1.47%

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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.

Daily Technical Report