Commodity Prices

Gold •15 mins	1,648.80	+28.30	+1.75%
Platinum •15 mins	976.10	-2.90	-0.30%
WTI Crude •24 hours	53.38	-0.50	-0.93%
Gasoline •24 hours	1.761	-0.023	-1.31%
Ethanol •24 hours	1.337	-0.013	-0.96%
Silver •15 mins	18.53	+0.21	+1.15%

Silver • 15 mins	18.53	+0.21	+1.15%
Copper • 15 mins	2.608	+0.020	+0.77%
Brent Crude • 23 hours	57.94	-0.86	-1.46%
Natural Gas • 24 hours	1.917	-0.014	-0.73%
Heating Oil • 24 hours	1.682	-0.011	-0.67%

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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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