Commodity Prices

Gold •723 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,647.30	+28.50	+1.76%
WTI Crude •4 hours	69.23	-2.69	-3.74%
Gasoline •4 hours	2.957	-0.070	-2.32%
Ethanol •723 days	2.161	+0.000	+0.00%
Silver •723 days	30.82	+1.16	+3.92%

Silver • 723 days	30.82	+1.16	+3.92%
Copper • 723 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	71.99	-3.27	-4.34%
Natural Gas • 4 hours	3.279	-0.016	-0.49%
Heating Oil • 4 hours	3.208	-0.090	-2.73%

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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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