Commodity Prices

Gold •142 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	974.80	+4.30	+0.44%
WTI Crude •10 mins	70.98	+0.88	+1.26%
Gasoline •10 mins	2.068	+0.008	+0.40%
Ethanol •142 days	2.161	+0.000	+0.00%
Silver •142 days	30.82	+1.16	+3.92%

Silver • 142 days	30.82	+1.16	+3.92%
Copper • 142 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.95	+0.72	+0.97%
Natural Gas • 10 mins	3.102	-0.237	-7.10%
Heating Oil • 11 mins	2.277	+0.003	+0.12%

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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.

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