Commodity Prices

Gold •10 mins	2,347.20	+4.70	+0.20%
Platinum •10 mins	922.10	+1.60	+0.17%
WTI Crude •3 hours	83.85	+0.28	+0.34%
Gasoline •3 hours	2.765	+0.006	+0.23%
Ethanol •48 mins	2.161	+0.000	+0.00%
Silver •10 mins	27.54	-0.10	-0.35%

Silver • 10 mins	27.54	-0.10	-0.35%
Copper • 10 mins	4.574	+0.036	+0.78%
Brent Crude • 2 hours	89.50	+0.49	+0.55%
Natural Gas • 5 hours	1.614	-0.024	-1.47%
Heating Oil • 3 hours	2.548	-0.002	-0.09%

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GBP/USD: Making New Lows

By - Feb 14, 2013, 6:08 AM CST

GBP/USD has moved below the support implied by the February intraday bullish reversal (1.5573). Further weakness is favoured. Supports can be found at 1.5491 (02/08/2012 low) and 1.5394 (12/07/2012 low). An hourly resistance is at 1.5689 (13/02/2013 high).

The medium-term double-top (from 1.5829 to 1.6302) implies a downside risk at 1.5356.

In the longer-term, GBP/USD is moving in a horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high).

Daily Technical Report