Commodity Prices

Gold •15 mins	1,787.10	-2.90	-0.16%
Platinum •15 mins	824.70	-6.90	-0.83%
WTI Crude •11 mins	40.07	-0.58	-1.43%
Gasoline •11 mins	1.241	-0.018	-1.46%
Ethanol •15 hours	1.310	+0.101	+8.35%
Silver •15 mins	18.32	-0.00	-0.01%

Silver • 15 mins	18.32	-0.00	-0.01%
Copper • 15 mins	2.723	-0.026	-0.93%
Brent Crude • 11 mins	42.52	-0.62	-1.44%
Natural Gas • 11 mins	1.733	-0.001	-0.06%
Heating Oil • 11 mins	1.218	-0.013	-1.05%

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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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