Commodity Prices

Gold •638 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,983.20	-6.50	-0.33%
WTI Crude •14 hours	111.54	+11.42	+11.41%
Gasoline •14 hours	3.288	+0.197	+6.36%
Ethanol •638 days	2.161	+0.000	+0.00%
Silver •638 days	30.82	+1.16	+3.92%

Silver • 638 days	30.82	+1.16	+3.92%
Copper • 638 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	109.03	+7.87	+7.78%
Natural Gas • 14 hours	2.800	-0.019	-0.67%
Heating Oil • 14 hours	4.361	+0.304	+7.50%

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GBP/USD - Trading At +30-Year Lows

By - Jul 06, 2016, 6:30 AM CDT

GBP/USD keeps on declining and is trading at levels unseen in more than 30 years. The pair has broken hourly support lies at 1.3121 (27/06/2016 low) and hourly resistance is given at 1.3534 (29/06/2016 high). Uncertainties are important on the market, we cannot rule out further decline.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

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