Commodity Prices

Gold •10 mins	1,792.10	+17.30	+0.97%
Platinum •10 mins	1,078.60	+23.40	+2.22%
WTI Crude •11 mins	70.69	-0.35	-0.49%
Gasoline •10 mins	2.128	-0.006	-0.29%
Ethanol •12 hours	2.460	+0.000	+0.00%
Silver •10 mins	26.45	+0.59	+2.28%

Silver • 10 mins	26.45	+0.59	+2.28%
Copper • 10 mins	4.190	+0.012	+0.29%
Brent Crude • 11 mins	72.60	-0.48	-0.66%
Natural Gas • 10 mins	3.185	-0.068	-2.09%
Heating Oil • 15 mins	2.058	-0.009	-0.42%

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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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