Commodity Prices

Gold •732 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,665.90	+14.00	+0.85%
WTI Crude •11 mins	68.29	-0.40	-0.58%
Gasoline •15 mins	2.936	+0.019	+0.65%
Ethanol •732 days	2.161	+0.000	+0.00%
Silver •732 days	30.82	+1.16	+3.92%

Silver • 732 days	30.82	+1.16	+3.92%
Copper • 732 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.60	-0.52	-0.72%
Natural Gas • 11 mins	3.182	-0.014	-0.44%
Heating Oil • 11 mins	3.244	+0.062	+1.94%

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GBP/USD - Moving Up And Down

By - Apr 01, 2016, 5:59 AM CDT

GBP/USD is still trading rangy despite the medium-term technical structure is clearly bearish. Hourly resistance is given at 1.4591 (05/02/2016 high) while hourly support can be found at 1.4033 (03/03/2016 low). A break of stronger resistance at 1.4668 (04/02/2016) is nonetheless needed to show a reverse in the medium-term momentum.

The long-term technical pattern is negative and favours a further decline towards 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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