Commodity Prices

Gold •839 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,646.10	-10.40	-0.63%
WTI Crude •11 mins	99.79	+1.97	+2.01%
Gasoline •11 mins	3.168	+0.051	+1.62%
Ethanol •839 days	2.161	+0.000	+0.00%
Silver •839 days	30.82	+1.16	+3.92%

Silver • 839 days	30.82	+1.16	+3.92%
Copper • 839 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.70	+1.91	+1.76%
Natural Gas • 11 mins	2.871	-0.092	-3.10%
Heating Oil • 11 mins	5.000	+0.075	+1.53%

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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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