Commodity Prices

Gold •15 mins	1,903.40	-1.20	-0.06%
Platinum •15 mins	908.60	+24.60	+2.78%
WTI Crude •1 day	39.85	-0.79	-1.94%
Gasoline •1 day	1.139	-0.019	-1.66%
Ethanol •1 day	1.520	+0.000	+0.00%
Silver •15 mins	24.70	-0.01	-0.04%

Silver • 15 mins	24.70	-0.01	-0.04%
Copper • 15 mins	3.143	-0.011	-0.33%
Brent Crude • 1 day	41.77	-0.69	-1.63%
Natural Gas • 1 day	2.971	-0.036	-1.20%
Heating Oil • 1 day	1.151	-0.009	-0.81%

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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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