Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,424.40	+9.40	+0.66%
WTI Crude •10 mins	65.56	+0.32	+0.49%
Gasoline •16 mins	2.108	+0.009	+0.40%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.06	+0.33	+0.49%
Natural Gas • 7 hours	3.261	-0.145	-4.26%
Heating Oil • 29 mins	2.378	+0.018	+0.75%

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GBP/USD - The Short-Term Bounce is Fading

By - Sep 16, 2014, 5:09 AM CDT

GBP/USD is losing its short-term bullish momentum. A break of the hourly support at 1.6186 (11/09/2014 low) would open the way for a test of the recent low at 1.6052. Hourly resistances can now be found at 1.6279 (15/09/2014 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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