Commodity Prices

Gold •433 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,377.30	+5.20	+0.38%
WTI Crude •11 mins	63.09	+0.46	+0.73%
Gasoline •13 mins	2.000	+0.008	+0.38%
Ethanol •433 days	2.161	+0.000	+0.00%
Silver •433 days	30.82	+1.16	+3.92%

Silver • 433 days	30.82	+1.16	+3.92%
Copper • 433 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	66.39	+0.37	+0.56%
Natural Gas • 11 mins	3.102	-0.015	-0.48%
Heating Oil • 12 mins	2.337	+0.017	+0.75%

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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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