Commodity Prices

Gold •428 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,390.00	+13.40	+0.97%
WTI Crude •11 mins	61.64	-1.84	-2.90%
Gasoline •11 mins	1.952	-0.058	-2.87%
Ethanol •428 days	2.161	+0.000	+0.00%
Silver •428 days	30.82	+1.16	+3.92%

Silver • 428 days	30.82	+1.16	+3.92%
Copper • 428 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.28	-1.71	-2.55%
Natural Gas • 11 mins	3.063	-0.011	-0.36%
Heating Oil • 11 mins	2.289	-0.042	-1.80%

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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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