Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,660.60	+4.20	+0.25%
WTI Crude •11 mins	61.06	-0.45	-0.73%
Gasoline •11 mins	1.875	-0.008	-0.41%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.71	-0.51	-0.78%
Natural Gas • 11 mins	3.207	-0.062	-1.90%
Heating Oil • 11 mins	2.275	-0.005	-0.22%

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GBP/USD - Targeting Hourly Support At 1.4300

By - May 09, 2016, 5:56 AM CDT

GBP/USD weakens after the lost of two figures earlier last week. Hourly support is given at 1.4300 (21/04/2016 low). Hourly resistance is given at 1.4543 (06/05/2016 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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