Commodity Prices

Gold •753 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,604.10	-4.70	-0.29%
WTI Crude •2 days	89.31	-2.88	-3.12%
Gasoline •1 day	3.396	-0.101	-2.87%
Ethanol •753 days	2.161	+0.000	+0.00%
Silver •753 days	30.82	+1.16	+3.92%

Silver • 753 days	30.82	+1.16	+3.92%
Copper • 753 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	96.78	-3.91	-3.88%
Natural Gas • 1 day	2.871	-0.045	-1.54%
Heating Oil • 1 day	4.181	-0.161	-3.71%

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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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