Commodity Prices

Gold •14 mins	2,424.20	+26.20	+1.09%
Platinum •14 mins	951.70	-2.80	-0.29%
WTI Crude •10 mins	85.50	+2.77	+3.35%
Gasoline •10 mins	2.770	+0.056	+2.07%
Ethanol •4 hours	2.161	+0.000	+0.00%
Silver •14 mins	28.71	+0.33	+1.16%

Silver • 14 mins	28.71	+0.33	+1.16%
Copper • 14 mins	4.461	+0.024	+0.54%
Brent Crude • 10 mins	89.88	+2.77	+3.18%
Natural Gas • 10 mins	1.791	+0.034	+1.94%
Heating Oil • 10 mins	2.595	+0.061	+2.41%

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GBP/USD: Making New Low

By - Oct 04, 2012, 5:21 AM CDT

GBP/USD declined yesterday below both the support at 1.6109 (01/10/2012 low) and the rising trendline. Resistance for a bounce is likely given by 1.6142. Other hourly resistance can be found at 1.6187. Short-term support is at 1.5960.

GBP/USD is likely moving in a long-term horizontal range. The resistances given by 1.6302 (30/04/2012 high) and by the long-term declining trendline (linking the August 2009 top with the April 2011 top) favour a corrective phase.

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