Commodity Prices

Gold •135 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	945.90	+1.90	+0.20%
WTI Crude •10 mins	67.00	-1.70	-2.47%
Gasoline •10 mins	1.950	-0.032	-1.62%
Ethanol •135 days	2.161	+0.000	+0.00%
Silver •135 days	30.82	+1.16	+3.92%

Silver • 135 days	30.82	+1.16	+3.92%
Copper • 135 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.09	-1.47	-2.03%
Natural Gas • 10 mins	2.819	+0.034	+1.22%
Heating Oil • 10 mins	2.173	-0.039	-1.78%

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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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