Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	976.90	-2.70	-0.28%
WTI Crude •10 mins	62.37	+0.10	+0.16%
Gasoline •46 mins	2.082	-0.002	-0.08%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.20	+0.08	+0.12%
Natural Gas • 17 mins	2.987	-0.035	-1.16%
Heating Oil • 2 hours	2.126	-0.001	-0.05%

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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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