Commodity Prices

Gold •15 mins	1,786.60	-8.40	-0.47%
Platinum •15 mins	1,006.60	-15.20	-1.49%
WTI Crude •6 hours	86.82	+0.21	+0.24%
Gasoline •6 hours	2.542	+0.021	+0.84%
Ethanol •5 hours	2.160	+0.000	+0.00%
Silver •15 mins	22.30	-0.38	-1.65%

Silver • 15 mins	22.30	-0.38	-1.65%
Copper • 15 mins	4.310	-0.114	-2.57%
Brent Crude • 5 hours	90.03	+0.69	+0.77%
Natural Gas • 6 hours	4.639	+0.356	+8.31%
Heating Oil • 6 hours	2.786	-0.009	-0.32%

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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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