Commodity Prices

Gold •10 mins	1,648.80	+28.30	+1.75%
Platinum •10 mins	976.10	-2.90	-0.30%
WTI Crude •1 day	53.38	-0.50	-0.93%
Gasoline •1 day	1.761	-0.023	-1.31%
Ethanol •1 day	1.337	-0.013	-0.96%
Silver •10 mins	18.53	+0.21	+1.15%

Silver • 10 mins	18.53	+0.21	+1.15%
Copper • 10 mins	2.608	+0.020	+0.77%
Brent Crude • 1 day	57.94	-0.86	-1.46%
Natural Gas • 1 day	1.917	-0.014	-0.73%
Heating Oil • 1 day	1.682	-0.011	-0.67%

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GBP/USD - Heading Towards 50% Fibonacci Retracement

By - Oct 28, 2015, 6:14 AM CDT

GBP/USD is declining. Support lies at the 50% Fibonacci retracement and stronger support can be found at 1.5202 (13/10/2015 low). Hourly resistance is given at 1.5529 (18/09/2015 high). A long as prices remain in the above range, there is no clear mid-term momentum.

In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.

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