Commodity Prices

Gold •427 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,383.00	-72.10	-4.95%
WTI Crude •11 mins	63.46	-0.51	-0.80%
Gasoline •11 mins	2.022	+0.010	+0.48%
Ethanol •427 days	2.161	+0.000	+0.00%
Silver •427 days	30.82	+1.16	+3.92%

Silver • 427 days	30.82	+1.16	+3.92%
Copper • 427 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.99	-0.61	-0.90%
Natural Gas • 11 mins	3.110	+0.046	+1.50%
Heating Oil • 11 mins	2.325	-0.036	-1.52%

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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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