Commodity Prices

Gold •733 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,655.70	+12.60	+0.77%
WTI Crude •11 mins	70.27	+1.72	+2.51%
Gasoline •11 mins	2.967	-0.037	-1.22%
Ethanol •733 days	2.161	+0.000	+0.00%
Silver •733 days	30.82	+1.16	+3.92%

Silver • 733 days	30.82	+1.16	+3.92%
Copper • 733 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.84	+1.85	+2.57%
Natural Gas • 11 mins	3.265	+0.020	+0.62%
Heating Oil • 11 mins	3.288	-0.010	-0.31%

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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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