Commodity Prices

Gold •66 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	918.70	-11.60	-1.25%
WTI Crude •1 day	67.67	-1.48	-2.14%
Gasoline •1 day	1.896	-0.030	-1.55%
Ethanol •66 days	2.161	+0.000	+0.00%
Silver •66 days	30.82	+1.16	+3.92%

Silver • 66 days	30.82	+1.16	+3.92%
Copper • 66 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	71.06	-1.63	-2.24%
Natural Gas • 1 day	2.275	+0.021	+0.93%
Heating Oil • 1 day	2.115	-0.054	-2.49%

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GBP/USD - Remains Close to The Strong Support at 1.4814

By - Feb 03, 2015, 12:46 PM CST

GBP/USD needs to break the key resistance at 1.5274 (06/01/2015 high) to improve the shortterm technical structure. A support stands at 1.4952 (23/01/2015 low), while a strong support lies at 1.4814. An initial resistance lies at 1.5101 (02/02/2015 high).

In the longer term, the technical structure is negative as long as prices remain below the key resistance at 1.5274 (06/01/2015 high, see also the declining trendline). A full retracement of the 2013-2014 rise is likely. However, the strong support at 1.4814 should cap the medium-term downside risks.

Daily Technical Report