Commodity Prices

Gold •15 mins	1,571.30	+5.90	+0.38%
Platinum •15 mins	1,010.10	+2.80	+0.28%
WTI Crude •18 hours	54.19	-1.40	-2.52%
Gasoline •18 hours	1.526	-0.047	-2.99%
Ethanol •18 hours	1.335	-0.019	-1.40%
Silver •15 mins	18.12	+0.29	+1.63%

Silver • 15 mins	18.12	+0.29	+1.63%
Copper • 15 mins	2.684	-0.043	-1.56%
Brent Crude • 18 hours	59.89	-1.39	-2.27%
Natural Gas • 18 hours	1.870	-0.034	-1.79%
Heating Oil • 18 hours	1.737	-0.057	-3.17%

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GBP/USD - Monitoring Resistance At 1.3000

By - May 18, 2017, 6:32 AM CDT

GBP/USD is trading higher. Hourly resistance is given at 1.2989 (07/05/2017 high). Hourly support are given at 1.2831 (04/05/2017 low) and1.2757 (21/04/2017 low). An unlikely break of this last support would indicate further weakness. Expected to push higher.

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