Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	979.60	-0.70	-0.07%
WTI Crude •10 mins	62.80	+0.01	+0.02%
Gasoline •10 mins	2.110	+0.004	+0.20%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 25 mins	66.55	+0.43	+0.65%
Natural Gas • 10 mins	2.923	-0.007	-0.24%
Heating Oil • 12 mins	2.150	+0.006	+0.28%

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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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