Commodity Prices

Gold •142 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.00	+4.50	+0.46%
WTI Crude •10 mins	71.06	+0.96	+1.37%
Gasoline •10 mins	2.070	+0.011	+0.53%
Ethanol •142 days	2.161	+0.000	+0.00%
Silver •142 days	30.82	+1.16	+3.92%

Silver • 142 days	30.82	+1.16	+3.92%
Copper • 142 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.06	+0.83	+1.12%
Natural Gas • 10 mins	3.115	-0.224	-6.71%
Heating Oil • 10 mins	2.282	+0.008	+0.33%

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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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