Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,396.50	-3.70	-0.26%
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Gasoline •11 mins	2.014	+0.003	+0.14%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 42 mins	67.44	-0.51	-0.75%
Natural Gas • 12 mins	2.948	+0.009	+0.31%
Heating Oil • 18 mins	2.341	+0.001	+0.05%

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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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