Commodity Prices

Gold •288 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	977.00	-3.10	-0.32%
WTI Crude •4 hours	64.68	+2.21	+3.54%
Gasoline •4 hours	2.099	+0.055	+2.71%
Ethanol •288 days	2.161	+0.000	+0.00%
Silver •288 days	30.82	+1.16	+3.92%

Silver • 288 days	30.82	+1.16	+3.92%
Copper • 288 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	67.96	+2.11	+3.20%
Natural Gas • 4 hours	3.245	-0.002	-0.06%
Heating Oil • 4 hours	2.152	+0.037	+1.74%

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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).

Daily Technical Report