Commodity Prices

Gold •10 mins	1,856.20	-9.70	-0.52%
Platinum •10 mins	1,111.60	-16.40	-1.45%
WTI Crude •5 hours	52.27	-0.86	-1.62%
Gasoline •5 hours	1.549	+0.001	+0.05%
Ethanol •5 hours	1.600	-0.033	-2.02%
Silver •10 mins	25.56	-0.30	-1.15%

Silver • 10 mins	25.56	-0.30	-1.15%
Copper • 10 mins	3.626	-0.022	-0.59%
Brent Crude • 2 hours	55.41	-0.69	-1.23%
Natural Gas • 5 hours	2.446	-0.045	-1.81%
Heating Oil • 5 hours	1.576	-0.025	-1.54%

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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.

Daily Technical Report