Commodity Prices

Gold •15 mins	1,481.00	-2.10	-0.14%
Platinum •15 mins	898.50	-2.10	-0.23%
WTI Crude •11 mins	58.32	-0.11	-0.19%
Gasoline •15 mins	1.622	+0.001	+0.06%
Ethanol •5 hours	1.374	+0.003	+0.22%
Silver •15 mins	17.02	-0.04	-0.23%

Silver • 15 mins	17.02	-0.04	-0.23%
Copper • 15 mins	2.665	+0.002	+0.06%
Brent Crude • 2 hours	63.39	+0.39	+0.62%
Natural Gas • 11 mins	2.421	-0.006	-0.25%
Heating Oil • 10 mins	1.933	+0.010	+0.53%

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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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