Commodity Prices

Gold •440 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,382.90	-19.60	-1.40%
WTI Crude •11 mins	64.37	-0.15	-0.23%
Gasoline •11 mins	2.038	-0.004	-0.20%
Ethanol •440 days	2.161	+0.000	+0.00%
Silver •440 days	30.82	+1.16	+3.92%

Silver • 440 days	30.82	+1.16	+3.92%
Copper • 440 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.34	-0.13	-0.19%
Natural Gas • 11 mins	3.160	+0.057	+1.84%
Heating Oil • 11 mins	2.373	-0.020	-0.85%

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GBP/USD - Buying Pressures are Increasing

By - Jun 15, 2015, 5:33 AM CDT

GBP/USD has broken the hourly resistance at 1.5554 (10/06/2015 high) and is now back below this level. Hourly support is given at 1.5369 (10/06/2015 low). Key resistance lies at 1.5815 (14/05/2015 high). The short-term technical structure suggests an upside momentum.

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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