Commodity Prices

Gold •175 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	963.10	-1.70	-0.18%
WTI Crude •10 mins	70.59	+0.49	+0.70%
Gasoline •14 mins	1.971	+0.012	+0.61%
Ethanol •175 days	2.161	+0.000	+0.00%
Silver •175 days	30.82	+1.16	+3.92%

Silver • 175 days	30.82	+1.16	+3.92%
Copper • 175 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.04	+0.46	+0.63%
Natural Gas • 10 mins	3.839	-0.107	-2.71%
Heating Oil • 10 mins	2.244	+0.023	+1.03%

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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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