Commodity Prices

Gold •754 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,597.50	-34.70	-2.13%
WTI Crude •11 mins	81.14	-1.47	-1.78%
Gasoline •33 mins	3.340	+0.012	+0.37%
Ethanol •754 days	2.161	+0.000	+0.00%
Silver •754 days	30.82	+1.16	+3.92%

Silver • 754 days	30.82	+1.16	+3.92%
Copper • 754 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	86.45	-1.91	-2.16%
Natural Gas • 11 mins	2.728	-0.039	-1.41%
Heating Oil • 12 mins	4.138	+0.026	+0.64%

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GBP/USD: The Declining Channel Has Been Broken

By - Dec 05, 2012, 5:07 AM CST

GBP/USD has broken its declining channel. A move towards the next key resistance at 1.6178 is likely. Hourly supports are at 1.6086 and 1.6066 (intraday low).

GBP/USD is moving in a long-term horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high).

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