Commodity Prices

Gold •686 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,956.80	-2.80	-0.14%
WTI Crude •11 mins	98.96	+0.70	+0.71%
Gasoline •40 mins	3.496	+0.009	+0.26%
Ethanol •686 days	2.161	+0.000	+0.00%
Silver •686 days	30.82	+1.16	+3.92%

Silver • 686 days	30.82	+1.16	+3.92%
Copper • 686 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	105.02	-6.26	-5.63%
Natural Gas • 11 mins	3.038	+0.034	+1.13%
Heating Oil • 55 mins	3.956	+0.009	+0.22%

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GBP/USD: Grinding Higher

By - Aug 30, 2012, 5:55 AM CDT

GBP/USD has successfully tested its short-term up trendline on 28 August. The low on that day (i.e. 1.5755) is now a short-term support. Resistance is given by 1.5907 (61.8% retracement).

GBP/USD has broken to the upside out of its 2- month consolidation. Given the theoretical target at 1.6192 (based on projection), further GBP strength is expected.

Daily Technical Report