Commodity Prices

Gold •15 mins	1,655.60	-25.50	-1.52%
Platinum •15 mins	856.50	-42.50	-4.73%
WTI Crude •1 day	78.74	-4.75	-5.69%
Gasoline •1 day	2.383	-0.133	-5.27%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •15 mins	18.91	-0.71	-3.60%

Silver • 15 mins	18.91	-0.71	-3.60%
Copper • 15 mins	3.343	-0.128	-3.69%
Brent Crude • 1 day	86.15	-4.31	-4.76%
Natural Gas • 1 day	6.828	-0.261	-3.68%
Heating Oil • 1 day	3.237	-0.174	-5.11%

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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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