Commodity Prices

Gold •622 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,098.60	-37.90	-1.77%
WTI Crude •11 mins	94.58	-1.63	-1.69%
Gasoline •13 mins	3.128	+0.004	+0.13%
Ethanol •622 days	2.161	+0.000	+0.00%
Silver •622 days	30.82	+1.16	+3.92%

Silver • 622 days	30.82	+1.16	+3.92%
Copper • 622 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.15	-0.27	-0.26%
Natural Gas • 11 mins	2.948	-0.085	-2.80%
Heating Oil • 11 mins	4.032	+0.016	+0.41%

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GBP/USD - Declining

By - Jun 05, 2015, 5:50 AM CDT

GBP/USD has tested the resistance at 1.5437 (27/05/2015 high) and is now bouncing on the hourly support at 1.5171 (01/06/2015). Stronger support is given by the declining channel at around 1.5089 (05/05/2015 low).

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

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