Commodity Prices

Gold •15 mins	1,654.10	-6.20	-0.37%
Platinum •15 mins	741.60	+4.50	+0.61%
WTI Crude •1 day	21.51	-1.09	-4.82%
Gasoline •1 day	0.614	+0.016	+2.61%
Ethanol •1 day	0.986	-0.009	-0.90%
Silver •15 mins	14.53	-0.14	-0.97%

Silver • 15 mins	14.53	-0.14	-0.97%
Copper • 15 mins	2.172	-0.006	-0.28%
Brent Crude • 1 day	27.95	-0.70	-2.44%
Natural Gas • 1 day	1.671	-0.018	-1.07%
Heating Oil • 1 day	1.069	+0.018	+1.71%

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GBP/USD - Sharp Decline

By - Jun 09, 2017, 6:15 AM CDT

GBP/USD has broken sharply hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show further decline.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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