Commodity Prices

Gold •348 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,253.50	+0.30	+0.02%
WTI Crude •10 mins	72.87	+1.10	+1.53%
Gasoline •12 mins	2.248	+0.028	+1.26%
Ethanol •348 days	2.161	+0.000	+0.00%
Silver •348 days	30.82	+1.16	+3.92%

Silver • 348 days	30.82	+1.16	+3.92%
Copper • 348 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.49	+1.26	+1.72%
Natural Gas • 10 mins	3.775	+0.027	+0.72%
Heating Oil • 10 mins	2.447	+0.054	+2.24%

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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.

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