Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	968.90	-1.60	-0.16%
WTI Crude •10 mins	70.13	+0.03	+0.04%
Gasoline •15 mins	2.047	-0.012	-0.59%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 55 mins	74.23	+1.42	+1.95%
Natural Gas • 12 mins	3.424	+0.085	+2.55%
Heating Oil • 19 mins	2.271	-0.003	-0.14%

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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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