Commodity Prices

Gold •280 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	935.40	+15.50	+1.68%
WTI Crude •10 mins	59.77	-2.58	-4.14%
Gasoline •10 mins	1.963	-0.075	-3.68%
Ethanol •280 days	2.161	+0.000	+0.00%
Silver •280 days	30.82	+1.16	+3.92%

Silver • 280 days	30.82	+1.16	+3.92%
Copper • 280 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.05	-2.43	-3.71%
Natural Gas • 10 mins	3.671	-0.145	-3.80%
Heating Oil • 10 mins	2.058	-0.055	-2.61%

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GBP/USD - Strong Demand

By - Apr 27, 2017, 6:27 AM CDT

GBP/USD is consolidating lower after sharp bullish rally. Resistance at 1.2905 (18/04/2017 low) has been broken. The pair has exited the short-term bearish momentum. Hourly support can be found at 1.2757 (21/04/2017 low). A break of this support would indicate further weakness.

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