Commodity Prices

Gold •10 mins	1,986.20	-11.50	-0.58%
Platinum •19 mins	1,003.10	+6.20	+0.62%
WTI Crude •50 mins	75.67	+1.30	+1.75%
Gasoline •3 hours	2.701	+0.039	+1.47%
Ethanol •48 mins	2.161	+0.000	+0.00%
Silver •20 mins	24.16	+0.17	+0.70%

Silver • 20 mins	24.16	+0.17	+0.70%
Copper • 19 mins	4.095	+0.003	+0.07%
Brent Crude • 3 hours	79.77	+0.50	+0.63%
Natural Gas • 50 mins	2.216	+0.112	+5.32%
Heating Oil • 3 hours	2.676	+0.053	+2.00%

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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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