Commodity Prices

Gold •14 mins	2,014.50	-31.90	-1.56%
Platinum •14 mins	919.80	+7.80	+0.86%
WTI Crude •1 day	71.23	+1.89	+2.73%
Gasoline •1 day	2.050	+0.049	+2.43%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •14 mins	23.28	-0.78	-3.25%

Silver • 14 mins	23.28	-0.78	-3.25%
Copper • 14 mins	3.831	+0.033	+0.87%
Brent Crude • 2 days	75.84	+1.79	+2.42%
Natural Gas • 1 day	2.581	-0.004	-0.15%
Heating Oil • 1 day	2.581	+0.032	+1.25%

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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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