Commodity Prices

Gold •535 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,018.60	+57.70	+2.94%
WTI Crude •1 day	56.52	+0.52	+0.93%
Gasoline •1 day	1.708	+0.007	+0.41%
Ethanol •535 days	2.161	+0.000	+0.00%
Silver •535 days	30.82	+1.16	+3.92%

Silver • 535 days	30.82	+1.16	+3.92%
Copper • 535 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	60.47	+0.65	+1.09%
Natural Gas • 1 day	3.984	+0.076	+1.94%
Heating Oil • 1 day	2.122	-0.010	-0.46%

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GBP/USD - Moving Below The Key Support at 1.6220

By - Sep 08, 2014, 5:13 AM CDT

GBP/USD continues its relentless decline, as can be seen by the move below the key support at 1.6220. Another support stands at 1.6000 (psychological threshold and 50% retracement). Hourly resistances can now be found at 1.6233 (intraday high) and 1.6340 (05/09/2014 high).

In the longer term, prices have collapsed after having reached 4-year highs. The breach of the key support at 1.6220 confirms persistent selling pressures and opens the way for further decline towards the strong support at 1.5855 (12/11/2013 low). A key resistance now stands at 1.6644.

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