Commodity Prices

Gold •15 mins	1,946.90	+7.30	+0.38%
Platinum •15 mins	933.80	+9.20	+1.00%
WTI Crude •10 mins	90.09	+0.46	+0.51%
Gasoline •12 mins	2.624	+0.004	+0.14%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.99	+0.30	+1.26%

Silver • 15 mins	23.99	+0.30	+1.26%
Copper • 15 mins	3.713	+0.017	+0.45%
Brent Crude • 10 mins	93.61	+0.31	+0.33%
Natural Gas • 10 mins	2.631	+0.021	+0.80%
Heating Oil • 10 mins	3.387	+0.019	+0.55%

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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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