Commodity Prices

Gold •416 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,363.10	+4.20	+0.31%
WTI Crude •1 day	63.66	+0.14	+0.22%
Gasoline •1 day	2.159	-0.001	-0.06%
Ethanol •416 days	2.161	+0.000	+0.00%
Silver •416 days	30.82	+1.16	+3.92%

Silver • 416 days	30.82	+1.16	+3.92%
Copper • 416 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	67.73	+0.06	+0.09%
Natural Gas • 1 day	2.698	-0.128	-4.53%
Heating Oil • 1 day	2.308	-0.017	-0.73%

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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