Commodity Prices

Gold •279 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	910.80	-0.50	-0.05%
WTI Crude •10 mins	57.92	-1.66	-2.79%
Gasoline •10 mins	1.957	-0.034	-1.71%
Ethanol •279 days	2.161	+0.000	+0.00%
Silver •279 days	30.82	+1.16	+3.92%

Silver • 279 days	30.82	+1.16	+3.92%
Copper • 279 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	62.82	-1.39	-2.16%
Natural Gas • 13 mins	3.476	+0.011	+0.32%
Heating Oil • 11 mins	2.013	-0.044	-2.13%

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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.

Daily Technical Report