Commodity Prices

Gold •19 mins	1,942.90	+3.30	+0.17%
Platinum •19 mins	928.10	+3.50	+0.38%
WTI Crude •10 mins	89.89	+0.26	+0.29%
Gasoline •33 mins	2.613	-0.007	-0.28%
Ethanol •4 hours	2.161	+0.000	+0.00%
Silver •19 mins	23.73	+0.04	+0.16%

Silver • 19 mins	23.73	+0.04	+0.16%
Copper • 19 mins	3.695	-0.002	-0.04%
Brent Crude • 10 mins	93.51	+0.21	+0.23%
Natural Gas • 10 mins	2.625	+0.015	+0.57%
Heating Oil • 13 mins	3.382	+0.014	+0.43%

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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.

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