Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,962.90	+19.20	+0.99%
WTI Crude •11 mins	93.85	-1.70	-1.78%
Gasoline •13 mins	3.113	-0.014	-0.44%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.85	-1.80	-1.66%
Natural Gas • 11 mins	3.118	-0.048	-1.52%
Heating Oil • 16 mins	4.352	+0.010	+0.23%

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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