Commodity Prices

Gold •770 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,759.20	-10.10	-0.57%
WTI Crude •11 mins	82.70	-0.57	-0.68%
Gasoline •32 mins	3.144	-0.010	-0.30%
Ethanol •770 days	2.161	+0.000	+0.00%
Silver •770 days	30.82	+1.16	+3.92%

Silver • 770 days	30.82	+1.16	+3.92%
Copper • 770 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	88.98	+0.07	+0.08%
Natural Gas • 13 mins	2.793	-0.011	-0.39%
Heating Oil • 21 mins	4.290	-0.014	-0.33%

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GBP/USD - Moving Sharply Higher

By - Apr 19, 2017, 6:21 AM CDT

GBP/USD is moving sharply higher from key support at 1.2334, suggesting a deeper shortterm base formation. Resistance stands at 1.2605 (18/04/2017 reaction high) then 1.2953. An hourly support can be found at 1.2581 (12/04/2017 base) then 1.2405 (11/04/2017 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.

Daily Technical Report