Commodity Prices

Gold •631 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,884.60	+27.30	+1.47%
WTI Crude •11 mins	93.46	-1.02	-1.08%
Gasoline •51 mins	3.108	-0.022	-0.71%
Ethanol •631 days	2.161	+0.000	+0.00%
Silver •631 days	30.82	+1.16	+3.92%

Silver • 631 days	30.82	+1.16	+3.92%
Copper • 631 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.11	-0.90	-0.83%
Natural Gas • 26 mins	2.986	-0.013	-0.43%
Heating Oil • 1 hour	4.276	+0.003	+0.06%

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GBP/USD - Moving Sharply Lower

By - Nov 09, 2015, 5:44 AM CST

GBP/USD is declining sharply invalidating the recent short-term uptrend and suggesting a deeper corrective phase. Next support can now be found at 1.5026. Hourly resistances stand at 1.5219 (05/11/2015 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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