Commodity Prices

Gold •10 mins	1,866.40	+28.30	+1.54%
Platinum •10 mins	1,241.10	+18.30	+1.50%
WTI Crude •11 mins	65.94	+0.57	+0.87%
Gasoline •10 mins	2.150	+0.024	+1.12%
Ethanol •2 days	2.340	+0.000	+0.00%
Silver •10 mins	28.22	+0.86	+3.12%

Silver • 10 mins	28.22	+0.86	+3.12%
Copper • 10 mins	4.705	+0.050	+1.07%
Brent Crude • 10 mins	69.24	+0.53	+0.77%
Natural Gas • 10 mins	3.132	+0.171	+5.78%
Heating Oil • 10 mins	2.055	+0.019	+0.93%

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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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