Commodity Prices

Gold •790 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,736.20	-30.20	-1.71%
WTI Crude •11 mins	90.83	+0.61	+0.68%
Gasoline •11 mins	3.155	+0.020	+0.64%
Ethanol •790 days	2.161	+0.000	+0.00%
Silver •790 days	30.82	+1.16	+3.92%

Silver • 790 days	30.82	+1.16	+3.92%
Copper • 790 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	95.54	+0.89	+0.94%
Natural Gas • 12 mins	2.954	+0.050	+1.72%
Heating Oil • 12 mins	4.691	+0.014	+0.29%

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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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