Commodity Prices

Gold •299 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	994.20	-1.00	-0.10%
WTI Crude •10 mins	61.38	-0.67	-1.08%
Gasoline •14 mins	2.092	-0.014	-0.65%
Ethanol •299 days	2.161	+0.000	+0.00%
Silver •299 days	30.82	+1.16	+3.92%

Silver • 299 days	30.82	+1.16	+3.92%
Copper • 299 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.17	-0.69	-1.05%
Natural Gas • 10 mins	3.334	-0.009	-0.27%
Heating Oil • 15 mins	2.158	-0.017	-0.79%

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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