Commodity Prices

Gold •15 mins	1,801.80	-3.60	-0.20%
Platinum •15 mins	1,061.40	-29.20	-2.68%
WTI Crude •1 day	72.07	+0.16	+0.22%
Gasoline •1 day	2.291	+0.018	+0.80%
Ethanol •1 day	2.320	+0.000	+0.00%
Silver •15 mins	25.23	-0.15	-0.58%

Silver • 15 mins	25.23	-0.15	-0.58%
Copper • 15 mins	4.400	+0.063	+1.44%
Brent Crude • 1 day	74.10	+0.31	+0.42%
Natural Gas • 1 day	4.060	+0.057	+1.42%
Heating Oil • 1 day	2.134	+0.001	+0.06%

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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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