Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •6 hours	62.49	+0.87	+1.41%
Gasoline •6 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	65.41	+0.88	+1.36%
Natural Gas • 6 hours	3.334	-0.028	-0.83%
Heating Oil • 6 hours	2.141	-0.025	-1.17%

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GBP/USD - Monitoring Hourly Support At 1.4475

By - May 04, 2016, 5:47 AM CDT

GBP/USD has lost two figures yesterday and is now approaching support at 1.4475 (27/04/2016 low). Hourly resistance is given at 1.4770 (03/05/2016 high). Stronger resistance is given at 1.4969 (27/12/2016 high). Expected to show further consolidation before entering into another upside move.

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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