Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,929.50	+2.20	+0.11%
WTI Crude •18 hours	87.36	-1.54	-1.73%
Gasoline •18 hours	3.034	-0.067	-2.14%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 17 hours	91.12	-1.58	-1.70%
Natural Gas • 18 hours	3.290	+0.005	+0.15%
Heating Oil • 18 hours	3.489	-0.064	-1.79%

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GBP/USD - Declining Sharply

By - Dec 03, 2015, 5:44 AM CST

GBP/USD's downside momentum remain lively. The pair has broken the lower bound implied by the declining channel. Hourly resistance is given at 1.5336 (19/11/2015 high). Strong resistance can be found at 1.5529 (22/09/2015 high). Expected to consolidate.

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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