Commodity Prices

Gold •517 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,654.60	+4.40	+0.27%
WTI Crude •11 mins	59.42	+0.78	+1.33%
Gasoline •10 mins	1.849	+0.019	+1.01%
Ethanol •517 days	2.161	+0.000	+0.00%
Silver •517 days	30.82	+1.16	+3.92%

Silver • 517 days	30.82	+1.16	+3.92%
Copper • 517 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.16	+0.71	+1.14%
Natural Gas • 11 mins	4.967	+0.127	+2.62%
Heating Oil • 11 mins	2.300	-0.013	-0.54%

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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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