Commodity Prices

Gold •15 mins	1,604.50	+18.10	+1.14%
Platinum •15 mins	995.00	+26.20	+2.70%
WTI Crude •11 mins	51.78	-0.27	-0.52%
Gasoline •10 mins	1.742	+0.015	+0.84%
Ethanol •1 hour	1.378	+0.000	+0.00%
Silver •15 mins	18.17	+0.44	+2.46%

Silver • 15 mins	18.17	+0.44	+2.46%
Copper • 15 mins	2.604	+0.005	+0.17%
Brent Crude • 10 mins	57.43	-0.24	-0.42%
Natural Gas • 10 mins	1.966	+0.110	+5.93%
Heating Oil • 10 mins	1.670	-0.024	-1.39%

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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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