Commodity Prices

Gold •623 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,022.60	-34.00	-1.65%
WTI Crude •11 mins	97.25	+0.93	+0.97%
Gasoline •13 mins	3.177	+0.079	+2.54%
Ethanol •623 days	2.161	+0.000	+0.00%
Silver •623 days	30.82	+1.16	+3.92%

Silver • 623 days	30.82	+1.16	+3.92%
Copper • 623 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	112.24	+4.86	+4.53%
Natural Gas • 11 mins	3.253	+0.188	+6.13%
Heating Oil • 12 mins	4.439	+0.241	+5.74%

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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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