Commodity Prices

Gold •383 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,490.90	-4.80	-0.32%
WTI Crude •20 mins	66.51	-0.69	-1.03%
Gasoline •22 mins	2.106	-0.026	-1.24%
Ethanol •383 days	2.161	+0.000	+0.00%
Silver •383 days	30.82	+1.16	+3.92%

Silver • 383 days	30.82	+1.16	+3.92%
Copper • 383 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.56	-0.65	-0.94%
Natural Gas • 11 mins	3.310	-0.015	-0.45%
Heating Oil • 21 mins	2.465	-0.044	-1.76%

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GBP/USD - Heading Towards Support At 1.2757

By - May 29, 2017, 6:43 AM CDT

GBP/USD is trading lower. Hourly resistance lies at 1.3048 (18/05/2017 high). Hourly support given at 1.2831 (04/05/2017 low) has been broken. The pair is heading towards stronger support at 1.2757 (21/04/2017 low). An unlikely break of this last support would indicate further weakness. Expected to show renewed bullish pressures.

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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