Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,895.00	-5.60	-0.29%
WTI Crude •10 mins	107.94	+1.06	+0.99%
Gasoline •2 hours	3.754	+0.012	+0.33%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	118.03	+6.77	+6.08%
Natural Gas • 11 mins	2.639	-0.008	-0.30%
Heating Oil • 2 hours	4.199	+0.228	+5.73%

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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