Commodity Prices

Gold •10 mins	1,977.20	-1.40	-0.07%
Platinum •10 mins	1,012.80	-1.10	-0.11%
WTI Crude •40 mins	70.17	-1.12	-1.57%
Gasoline •40 mins	2.593	-0.020	-0.75%
Ethanol •38 mins	2.161	+0.000	+0.00%
Silver •10 mins	24.41	+0.06	+0.25%

Silver • 10 mins	24.41	+0.06	+0.25%
Copper • 10 mins	3.789	-0.006	-0.16%
Brent Crude • 33 mins	74.98	-0.98	-1.29%
Natural Gas • 40 mins	2.254	-0.098	-4.17%
Heating Oil • 40 mins	2.361	-0.029	-1.21%

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GBP/USD - Low Volatility

By - Jul 25, 2016, 6:11 AM CDT

GBP/USD is trading slightly higher. Yet, bullish pressures seems to fade. Expected to break lower symmetrical triangle and to target support at 1.2798 (06/07/2016 low). Hourly resistance is located at 1.3291 (22/07/2016 high). Stronger resistance at 1.3534 (29/06/2016 high) looks far.

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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