Commodity Prices

Gold •670 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,985.10	+23.60	+1.20%
WTI Crude •11 mins	101.67	-4.75	-4.46%
Gasoline •11 mins	3.620	-0.118	-3.16%
Ethanol •670 days	2.161	+0.000	+0.00%
Silver •670 days	30.82	+1.16	+3.92%

Silver • 670 days	30.82	+1.16	+3.92%
Copper • 670 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.25	-4.19	-3.66%
Natural Gas • 11 mins	2.779	-0.088	-3.07%
Heating Oil • 11 mins	4.001	-0.073	-1.78%

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GBP/USD - Minor Correction Underway

By - May 01, 2015, 5:29 AM CDT

GBP/USD has broken the key resistance at 1.5552 (25/02/2015 recovery high) but has failed to hold above it. Yesterday's sharp bearish intraday reversal favors a short-term phase of weakness above the support at 1.5304. Other supports can be found at 1.5166 (18/03/2015) and 1.5028 (24/04/2015 low). Resistance stands at 1.5498 (29/04/2015) then 1.6287.

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). A decisive break of the key resistance at 1.5166 (18/03/2015 high) is needed to invalidate this scenario. Another key resistance stands at 1.5552 (26/02/2015 high).

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