Commodity Prices

Gold •325 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,088.40	+7.70	+0.71%
WTI Crude •1 day	61.53	+0.33	+0.54%
Gasoline •1 day	2.109	-0.022	-1.03%
Ethanol •325 days	2.161	+0.000	+0.00%
Silver •325 days	30.82	+1.16	+3.92%

Silver • 325 days	30.82	+1.16	+3.92%
Copper • 325 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	64.78	+0.34	+0.53%
Natural Gas • 1 day	3.334	+0.081	+2.49%
Heating Oil • 1 day	2.105	-0.013	-0.60%

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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