Commodity Prices

Gold •15 mins	1,793.80	+0.30	+0.02%
Platinum •15 mins	835.60	-2.10	-0.25%
WTI Crude •10 mins	40.10	-0.53	-1.30%
Gasoline •10 mins	1.230	-0.010	-0.84%
Ethanol •51 mins	1.340	+0.021	+1.59%
Silver •15 mins	18.48	-0.10	-0.55%

Silver • 15 mins	18.48	-0.10	-0.55%
Copper • 15 mins	2.777	+0.002	+0.09%
Brent Crude • 10 mins	42.56	-0.54	-1.25%
Natural Gas • 10 mins	1.846	+0.016	+0.87%
Heating Oil • 10 mins	1.234	-0.008	-0.63%

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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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