Commodity Prices

Gold •20 mins	1,961.30	-1.80	-0.09%
Platinum •20 mins	1,034.70	+6.60	+0.64%
WTI Crude •10 mins	72.91	+0.24	+0.33%
Gasoline •29 mins	2.699	-0.005	-0.17%
Ethanol •3 days	2.161	+0.000	+0.00%
Silver •20 mins	23.29	-0.08	-0.32%

Silver • 20 mins	23.29	-0.08	-0.32%
Copper • 10 mins	3.672	-0.011	-0.29%
Brent Crude • 10 mins	77.06	-0.01	-0.01%
Natural Gas • 12 mins	2.353	-0.064	-2.65%
Heating Oil • 32 mins	2.376	+0.007	+0.27%

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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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