Commodity Prices

Gold •15 mins	1,702.70	-2.10	-0.12%
Platinum •15 mins	856.20	-4.30	-0.50%
WTI Crude •11 mins	36.64	-0.65	-1.74%
Gasoline •12 mins	1.117	-0.002	-0.19%
Ethanol •8 hours	1.160	+0.039	+3.48%
Silver •15 mins	17.83	-0.13	-0.71%

Silver • 15 mins	17.83	-0.13	-0.71%
Copper • 15 mins	2.474	-0.014	-0.54%
Brent Crude • 11 mins	39.34	-0.45	-1.13%
Natural Gas • 10 mins	1.820	-0.001	-0.05%
Heating Oil • 10 mins	1.061	-0.003	-0.30%

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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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