Commodity Prices

Gold •512 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,647.70	+61.50	+3.88%
WTI Crude •6 hours	59.08	+0.43	+0.73%
Gasoline •9 hours	1.924	+0.035	+1.83%
Ethanol •512 days	2.161	+0.000	+0.00%
Silver •512 days	30.82	+1.16	+3.92%

Silver • 512 days	30.82	+1.16	+3.92%
Copper • 512 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.56	+0.22	+0.35%
Natural Gas • 6 hours	4.650	+0.092	+2.02%
Heating Oil • 1 day	2.326	-0.028	-1.20%

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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.

Daily Technical Report