Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	952.00	+8.00	+0.85%
WTI Crude •10 mins	67.79	-0.91	-1.32%
Gasoline •10 mins	1.959	-0.023	-1.15%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.62	-0.94	-1.30%
Natural Gas • 10 mins	2.716	-0.069	-2.48%
Heating Oil • 11 mins	2.182	-0.031	-1.39%

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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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