Commodity Prices

Gold •606 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,415.80	+42.30	+1.78%
WTI Crude •11 mins	72.82	+5.80	+8.65%
Gasoline •11 mins	2.406	+0.121	+5.28%
Ethanol •606 days	2.161	+0.000	+0.00%
Silver •606 days	30.82	+1.16	+3.92%

Silver • 606 days	30.82	+1.16	+3.92%
Copper • 606 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.69	+6.82	+9.36%
Natural Gas • 11 mins	3.009	+0.150	+5.25%
Heating Oil • 11 mins	3.008	+0.412	+15.85%

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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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