Commodity Prices

Gold •279 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	908.30	-3.00	-0.33%
WTI Crude •10 mins	57.13	-2.45	-4.11%
Gasoline •10 mins	1.935	-0.057	-2.84%
Ethanol •279 days	2.161	+0.000	+0.00%
Silver •279 days	30.82	+1.16	+3.92%

Silver • 279 days	30.82	+1.16	+3.92%
Copper • 279 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	60.58	-2.24	-3.57%
Natural Gas • 10 mins	3.481	+0.016	+0.46%
Heating Oil • 10 mins	1.994	-0.063	-3.07%

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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