Commodity Prices

Gold •853 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,465.90	+35.90	+2.51%
WTI Crude •11 mins	96.23	+0.14	+0.15%
Gasoline •12 mins	2.952	+0.016	+0.55%
Ethanol •853 days	2.161	+0.000	+0.00%
Silver •853 days	30.82	+1.16	+3.92%

Silver • 853 days	30.82	+1.16	+3.92%
Copper • 853 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.88	+0.28	+0.27%
Natural Gas • 11 mins	2.894	-0.001	-0.03%
Heating Oil • 13 mins	4.544	+0.013	+0.29%

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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