Commodity Prices

Gold •316 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	984.90	-10.50	-1.05%
WTI Crude •10 mins	61.92	+0.30	+0.49%
Gasoline •10 mins	2.137	+0.003	+0.12%
Ethanol •316 days	2.161	+0.000	+0.00%
Silver •316 days	30.82	+1.16	+3.92%

Silver • 316 days	30.82	+1.16	+3.92%
Copper • 316 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.78	+0.25	+0.39%
Natural Gas • 10 mins	3.434	+0.072	+2.14%
Heating Oil • 10 mins	2.150	-0.016	-0.75%

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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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