Commodity Prices

Gold •15 mins	1,893.10	+8.30	+0.44%
Platinum •15 mins	992.20	+6.00	+0.61%
WTI Crude •10 mins	77.62	+0.48	+0.62%
Gasoline •10 mins	2.462	+0.005	+0.20%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •15 mins	22.47	+0.29	+1.32%

Silver • 15 mins	22.47	+0.29	+1.32%
Copper • 15 mins	4.104	+0.023	+0.56%
Brent Crude • 10 mins	84.05	+0.36	+0.43%
Natural Gas • 10 mins	2.535	-0.049	-1.90%
Heating Oil • 10 mins	2.931	+0.027	+0.93%

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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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