Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	955.50	-39.70	-3.99%
WTI Crude •10 mins	66.68	-5.03	-7.01%
Gasoline •10 mins	2.159	-0.173	-7.40%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.01	-4.94	-6.59%
Natural Gas • 10 mins	4.137	+0.082	+2.02%
Heating Oil • 10 mins	2.181	-0.141	-6.09%

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GBP/USD - Riding the Uptrend Channel

By - Aug 26, 2015, 9:57 AM CDT

GBP/USD has shifted into a consolidation pattern after slight bullish recovery. 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 1.5803 (01/07/2015 high). The short-term structure shows 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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