Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,887.10	+29.80	+1.60%
WTI Crude •7 hours	99.64	+5.16	+5.46%
Gasoline •7 hours	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	112.57	+4.56	+4.22%
Natural Gas • 9 hours	3.081	+0.082	+2.73%
Heating Oil • 7 hours	4.496	+0.222	+5.20%

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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.

Daily Technical Report