Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,397.80	-2.40	-0.17%
WTI Crude •16 mins	63.61	+0.04	+0.06%
Gasoline •15 mins	2.015	+0.004	+0.19%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.50	+0.06	+0.09%
Natural Gas • 12 mins	2.945	+0.006	+0.20%
Heating Oil • 15 mins	2.343	+0.003	+0.12%

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GBP/USD - Sharp Decline Thru Key Support

By - Nov 06, 2015, 5:10 AM CST

GBP/USD has broken the support at 0.9007, invalidating the recent short-term uptrend and suggesting a deeper corrective phase. Next supports can now be found at 1.5140 (06/10/2015 low) and 1.5110 (30/09/2015 low). Hourly resistances stand at 1.5219 (intraday high).

The long-term technical pattern is negative and favours a further decline towards the key support at 1.5089, as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

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