Commodity Prices

Gold •713 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,810.90	+38.10	+2.15%
WTI Crude •11 mins	76.72	-4.03	-4.99%
Gasoline •11 mins	2.903	-0.045	-1.52%
Ethanol •713 days	2.161	+0.000	+0.00%
Silver •713 days	30.82	+1.16	+3.92%

Silver • 713 days	30.82	+1.16	+3.92%
Copper • 713 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.50	-3.67	-4.41%
Natural Gas • 11 mins	3.257	+0.110	+3.50%
Heating Oil • 11 mins	3.206	-0.060	-1.85%

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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