Commodity Prices

Gold •389 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,439.00	+16.20	+1.14%
WTI Crude •10 mins	65.49	+0.33	+0.51%
Gasoline •17 mins	2.106	+0.009	+0.42%
Ethanol •389 days	2.161	+0.000	+0.00%
Silver •389 days	30.82	+1.16	+3.92%

Silver • 389 days	30.82	+1.16	+3.92%
Copper • 389 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.81	+0.37	+0.54%
Natural Gas • 14 mins	3.083	-0.027	-0.87%
Heating Oil • 20 mins	2.403	-0.003	-0.12%

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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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