Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •2 hours	62.49	+0.87	+1.41%
Gasoline •2 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 38 mins	65.41	+0.88	+1.36%
Natural Gas • 2 hours	3.334	-0.028	-0.83%
Heating Oil • 2 hours	2.141	-0.025	-1.17%

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GBP/USD - Challenging Key Support

By - Sep 23, 2015, 5:27 AM CDT

GBP/USD has broken the support at 1.5385 (uptrend channel), opening the way for a new test of the support implied by key hourly support given at 1.5330 (15/09/2015 low). Hourly resistance can be found at 1.5659 (27/08/2015 high). Stronger support is given at 1.5165(04/09/2015 low).

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).

Daily Technical Report