Commodity Prices

Gold •478 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,601.60	+4.90	+0.31%
WTI Crude •19 hours	61.50	-0.29	-0.47%
Gasoline •19 hours	1.923	-0.004	-0.22%
Ethanol •478 days	2.161	+0.000	+0.00%
Silver •478 days	30.82	+1.16	+3.92%

Silver • 478 days	30.82	+1.16	+3.92%
Copper • 478 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	65.94	-0.05	-0.08%
Natural Gas • 19 hours	3.304	-0.040	-1.20%
Heating Oil • 19 hours	2.403	+0.000	+0.00%

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GBP/USD - Sliding To 6-Year Low

By - Jan 13, 2016, 6:07 AM CST

GBP/USD is weakening and is now trading below 1.4500. 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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