Commodity Prices

Gold •673 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,057.50	-4.80	-0.23%
WTI Crude •1 day	94.81	-0.27	-0.28%
Gasoline •1 day	3.456	-0.003	-0.10%
Ethanol •673 days	2.161	+0.000	+0.00%
Silver •673 days	30.82	+1.16	+3.92%

Silver • 673 days	30.82	+1.16	+3.92%
Copper • 673 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	100.06	-1.21	-1.19%
Natural Gas • 1 day	2.769	+0.039	+1.43%
Heating Oil • 1 day	3.817	+0.031	+0.82%

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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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