Commodity Prices

Gold •10 mins	1,751.40	-5.30	-0.30%
Platinum •10 mins	930.60	+7.30	+0.79%
WTI Crude •10 hours	71.97	-0.64	-0.88%
Gasoline •10 hours	2.171	-0.010	-0.45%
Ethanol •9 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.34	-0.46	-2.00%

Silver • 10 mins	22.34	-0.46	-2.00%
Copper • 10 mins	4.246	-0.036	-0.83%
Brent Crude • 9 hours	75.34	-0.33	-0.44%
Natural Gas • 10 hours	5.105	-0.230	-4.31%
Heating Oil • 10 hours	2.209	-0.002	-0.09%

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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.

Daily Technical Report