Commodity Prices

Gold •403 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,324.00	-15.60	-1.16%
WTI Crude •10 mins	63.33	-0.55	-0.86%
Gasoline •17 mins	2.070	-0.016	-0.75%
Ethanol •403 days	2.161	+0.000	+0.00%
Silver •403 days	30.82	+1.16	+3.92%

Silver • 403 days	30.82	+1.16	+3.92%
Copper • 403 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.11	-0.48	-0.72%
Natural Gas • 10 mins	2.914	-0.076	-2.54%
Heating Oil • 10 mins	2.262	-0.017	-0.75%

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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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