Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •18 hours	101.94	-3.13	-2.98%
Gasoline •18 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 17 hours	108.17	-2.23	-2.02%
Natural Gas • 18 hours	2.780	+0.013	+0.47%
Heating Oil • 18 hours	3.946	-0.135	-3.30%

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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