Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	930.80	-3.80	-0.41%
WTI Crude •1 hour	70.42	-0.16	-0.23%
Gasoline •11 mins	1.938	-0.005	-0.25%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.10	-0.29	-0.40%
Natural Gas • 10 mins	3.497	+0.123	+3.65%
Heating Oil • 12 mins	2.240	-0.015	-0.65%

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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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