Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,408.80	-6.20	-0.44%
WTI Crude •10 mins	65.62	+0.38	+0.58%
Gasoline •27 mins	2.111	+0.012	+0.59%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.07	+0.34	+0.50%
Natural Gas • 9 hours	3.261	-0.145	-4.26%
Heating Oil • 27 mins	2.381	+0.021	+0.89%

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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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