Commodity Prices

Gold •523 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,655.60	-4.80	-0.29%
WTI Crude •11 mins	58.78	-0.10	-0.17%
Gasoline •11 mins	1.799	+0.001	+0.04%
Ethanol •523 days	2.161	+0.000	+0.00%
Silver •523 days	30.82	+1.16	+3.92%

Silver • 523 days	30.82	+1.16	+3.92%
Copper • 523 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.41	-0.08	-0.13%
Natural Gas • 11 mins	4.814	-0.098	-2.00%
Heating Oil • 11 mins	2.297	-0.001	-0.06%

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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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