Commodity Prices

Gold •288 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	977.00	-3.10	-0.32%
WTI Crude •19 hours	64.68	+2.21	+3.54%
Gasoline •19 hours	2.099	+0.055	+2.71%
Ethanol •288 days	2.161	+0.000	+0.00%
Silver •288 days	30.82	+1.16	+3.92%

Silver • 288 days	30.82	+1.16	+3.92%
Copper • 288 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	67.96	+2.11	+3.20%
Natural Gas • 19 hours	3.245	-0.002	-0.06%
Heating Oil • 19 hours	2.152	+0.037	+1.74%

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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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