Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,956.90	+17.20	+0.89%
WTI Crude •11 mins	91.89	-4.71	-4.88%
Gasoline •11 mins	3.294	-0.160	-4.62%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.29	+2.15	+2.24%
Natural Gas • 11 mins	2.944	+0.037	+1.27%
Heating Oil • 11 mins	3.783	-0.105	-2.70%

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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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