Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	995.20	-9.40	-0.94%
WTI Crude •20 mins	71.71	+0.51	+0.72%
Gasoline •20 mins	2.331	+0.029	+1.24%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.70	-0.79	-1.06%
Natural Gas • 20 mins	4.055	+0.104	+2.63%
Heating Oil • 20 mins	2.322	+0.033	+1.45%

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GBP/USD: The Short-Term Declining Channel Has Been Broken

By - Nov 01, 2012, 5:44 AM CDT

GBP/USD has broken its short-term declining channel, which is short-term positive. A test of the short-term resistance at 1.6178 is likely underway. An hourly support can be found at 1.6094 (intraday low).

GBP/USD is likely moving in a long-term horizontal range. The resistances given by 1.6302 (30/04/2012 high) and by the long-term declining trendline (linking the August 2009 top with the April 2011 top) favour a consolidation phase.

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