Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,412.40	-5.60	-0.39%
WTI Crude •15 mins	66.52	-0.46	-0.69%
Gasoline •15 mins	2.170	+0.004	+0.19%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	68.86	-0.35	-0.51%
Natural Gas • 15 mins	3.523	+0.057	+1.64%
Heating Oil • 15 mins	2.405	+0.015	+0.64%

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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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