Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,351.90	-63.10	-4.46%
WTI Crude •21 hours	65.52	+0.28	+0.43%
Gasoline •21 hours	2.090	-0.009	-0.44%
Ethanol •360 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 20 hours	67.77	+0.04	+0.06%
Natural Gas • 21 hours	3.739	+0.213	+6.04%
Heating Oil • 21 hours	2.307	-0.053	-2.24%

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GBP/USD - Ready To Target 1.3000

By - May 01, 2017, 5:48 AM CDT

GBP/USD keeps pushing higher. 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). An unlikely 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