Commodity Prices

Gold •626 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,970.50	+26.80	+1.38%
WTI Crude •23 hours	98.23	+2.68	+2.80%
Gasoline •23 hours	3.286	+0.159	+5.09%
Ethanol •626 days	2.161	+0.000	+0.00%
Silver •626 days	30.82	+1.16	+3.92%

Silver • 626 days	30.82	+1.16	+3.92%
Copper • 626 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	112.19	+3.54	+3.26%
Natural Gas • 23 hours	3.095	-0.071	-2.24%
Heating Oil • 23 hours	4.608	+0.266	+6.14%

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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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