Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,433.90	+18.90	+1.34%
WTI Crude •11 mins	65.40	+0.16	+0.25%
Gasoline •21 mins	2.108	+0.009	+0.43%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	67.73	+0.05	+0.07%
Natural Gas • 5 hours	3.261	-0.145	-4.26%
Heating Oil • 26 mins	2.371	+0.011	+0.47%

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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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