Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •12 hours	67.02	+1.81	+2.78%
Gasoline •12 hours	2.078	+0.046	+2.24%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	72.87	+2.03	+2.87%
Natural Gas • 12 hours	2.859	+0.032	+1.13%
Heating Oil • 12 hours	2.671	+0.058	+2.24%

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GBP/USD - Breaking Support At 1.4566

By - Jan 08, 2016, 5:10 AM CST

GBP/USD has broken hourly support at 1.4566 (05/04/2015 low) before bouncing back. Hourly resistance is given at 1.5242 (13/12/2015 high). Stronger resistance can be found at 1.5336 (19/11/2015 high). Expected to show continued weakness.

The long-term technical pattern is negative and favours a further decline towards the key support at 1.4231 (20/05/2010 low), 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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