Commodity Prices

Gold •15 mins	1,995.90	+0.40	+0.02%
Platinum •15 mins	1,008.10	-2.00	-0.20%
WTI Crude •10 mins	71.14	+1.04	+1.48%
Gasoline •10 mins	2.471	+0.035	+1.42%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •15 mins	24.04	+0.05	+0.20%

Silver • 15 mins	24.04	+0.05	+0.20%
Copper • 15 mins	3.773	+0.062	+1.66%
Brent Crude • 10 mins	75.34	+1.06	+1.43%
Natural Gas • 10 mins	2.171	+0.013	+0.60%
Heating Oil • 10 mins	2.343	+0.028	+1.21%

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GBP/USD - Declining Sharply

By - Nov 23, 2015, 5:07 AM CST

GBP/USD has weakened below 1.5200. Hourly support can be found at 1.5027 (06/11/2015 low). Strong resistance can be found at 1.5529 (22/09/2015 high). Expected to show continued weakness.

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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