Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,373.50	+133.90	+5.98%
WTI Crude •13 hours	67.02	+1.81	+2.78%
Gasoline •13 hours	2.078	+0.046	+2.24%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	72.87	+2.03	+2.87%
Natural Gas • 13 hours	2.859	+0.032	+1.13%
Heating Oil • 13 hours	2.671	+0.058	+2.24%

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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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