Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,379.80	-11.50	-0.83%
WTI Crude •10 mins	68.14	-0.19	-0.28%
Gasoline •16 mins	2.187	+0.002	+0.10%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.96	-0.19	-0.27%
Natural Gas • 10 mins	3.321	-0.019	-0.57%
Heating Oil • 16 mins	2.439	-0.002	-0.09%

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GBP/USD - Sharp Decline

By - Jun 09, 2017, 6:15 AM CDT

GBP/USD has broken sharply hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show further decline.

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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