Commodity Prices

Gold •316 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	993.70	+12.50	+1.27%
WTI Crude •10 mins	61.79	-1.36	-2.15%
Gasoline •10 mins	2.136	-0.034	-1.56%
Ethanol •316 days	2.161	+0.000	+0.00%
Silver •316 days	30.82	+1.16	+3.92%

Silver • 316 days	30.82	+1.16	+3.92%
Copper • 316 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.67	-1.42	-2.15%
Natural Gas • 10 mins	3.342	-0.150	-4.30%
Heating Oil • 10 mins	2.169	-0.037	-1.67%

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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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