Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,349.10	-2.80	-0.21%
WTI Crude •10 mins	64.91	-0.61	-0.93%
Gasoline •10 mins	2.079	-0.011	-0.52%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.61	-0.16	-0.24%
Natural Gas • 10 mins	3.423	-0.316	-8.45%
Heating Oil • 10 mins	2.359	+0.051	+2.23%

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GBP/USD - Monitor Broken at 1.5451

By - Aug 10, 2015, 5:35 AM CDT

GBP/USD has failed to hold below 1.5451 (14/07/2015 low). However, drift lower indicates persistent selling pressure. Stronger support is given at the 38.2% Fibonacci retracement at 1.5409. Hourly resistance is given at 1.5733 (01/07/2015 high). We remain bearish on the pair.

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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