Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,136.50	+46.50	+4.27%
WTI Crude •20 mins	63.37	+0.52	+0.83%
Gasoline •20 mins	2.063	+0.029	+1.42%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	65.31	+0.45	+0.69%
Natural Gas • 20 mins	3.677	-0.039	-1.05%
Heating Oil • 20 mins	2.095	+0.024	+1.18%

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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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