Commodity Prices

Gold •728 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,623.80	+23.90	+1.49%
WTI Crude •11 mins	68.02	-0.56	-0.82%
Gasoline •11 mins	2.919	-0.027	-0.91%
Ethanol •728 days	2.161	+0.000	+0.00%
Silver •728 days	30.82	+1.16	+3.92%

Silver • 728 days	30.82	+1.16	+3.92%
Copper • 728 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.94	-0.63	-0.88%
Natural Gas • 10 mins	3.174	-0.046	-1.43%
Heating Oil • 11 mins	3.252	+0.034	+1.07%

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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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