Commodity Prices

Gold •311 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.60	+22.10	+2.26%
WTI Crude •1 day	61.02	+1.11	+1.85%
Gasoline •1 day	2.108	+0.023	+1.10%
Ethanol •311 days	2.161	+0.000	+0.00%
Silver •311 days	30.82	+1.16	+3.92%

Silver • 311 days	30.82	+1.16	+3.92%
Copper • 311 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	63.91	+1.07	+1.70%
Natural Gas • 1 day	3.795	+0.203	+5.65%
Heating Oil • 1 day	2.066	+0.026	+1.29%

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GBP/USD - Bullish Breakout

By - Jan 27, 2016, 5:41 AM CST

GBP/USD has exited the downtrend channel. Hourly resistance at 1.4363 (22/01/2016 high) has been broken but the pair failed to hold above it. Stronger resistance can be found at 1.5336 (19/11/2015 high). Expected to show further monitoring around 1.4350.

The long-term technical pattern is negative and favours a further decline towards the key support at 1.3503 (23/01/2009 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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