Commodity Prices

Gold •10 mins	1,809.20	-5.30	-0.29%
Platinum •10 mins	1,004.40	-16.90	-1.65%
WTI Crude •11 mins	68.96	+0.81	+1.19%
Gasoline •11 mins	2.276	+0.026	+1.17%
Ethanol •14 hours	2.220	+0.000	+0.00%
Silver •10 mins	25.31	-0.16	-0.61%

Silver • 10 mins	25.31	-0.16	-0.61%
Copper • 10 mins	4.348	+0.016	+0.36%
Brent Crude • 11 mins	71.15	+0.77	+1.09%
Natural Gas • 11 mins	4.153	-0.005	-0.12%
Heating Oil • 11 mins	2.101	+0.027	+1.28%

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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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