Commodity Prices

Gold •490 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,566.40	+3.80	+0.24%
WTI Crude •11 mins	60.01	+0.41	+0.69%
Gasoline •11 mins	1.949	+0.040	+2.10%
Ethanol •490 days	2.161	+0.000	+0.00%
Silver •490 days	30.82	+1.16	+3.92%

Silver • 490 days	30.82	+1.16	+3.92%
Copper • 490 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.89	+0.37	+0.58%
Natural Gas • 11 mins	4.316	+0.084	+1.98%
Heating Oil • 11 mins	2.512	+0.079	+3.26%

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GBP/USD - Minor Correction Underway

By - May 01, 2015, 5:29 AM CDT

GBP/USD has broken the key resistance at 1.5552 (25/02/2015 recovery high) but has failed to hold above it. Yesterday's sharp bearish intraday reversal favors a short-term phase of weakness above the support at 1.5304. Other supports can be found at 1.5166 (18/03/2015) and 1.5028 (24/04/2015 low). Resistance stands at 1.5498 (29/04/2015) then 1.6287.

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). A decisive break of the key resistance at 1.5166 (18/03/2015 high) is needed to invalidate this scenario. Another key resistance stands at 1.5552 (26/02/2015 high).

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