Commodity Prices

Gold •15 mins	2,088.80	-0.90	-0.04%
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WTI Crude •10 mins	73.26	-0.81	-1.09%
Gasoline •10 mins	2.108	-0.013	-0.62%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •15 mins	25.55	-0.31	-1.21%

Silver • 15 mins	25.55	-0.31	-1.21%
Copper • 15 mins	3.858	-0.074	-1.87%
Brent Crude • 10 mins	78.05	-0.83	-1.05%
Natural Gas • 10 mins	2.721	-0.093	-3.30%
Heating Oil • 10 mins	2.674	+0.012	+0.45%

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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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