Commodity Prices

Gold •439 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,398.20	-19.00	-1.34%
WTI Crude •11 mins	64.47	+1.17	+1.85%
Gasoline •11 mins	2.039	+0.025	+1.26%
Ethanol •439 days	2.161	+0.000	+0.00%
Silver •439 days	30.82	+1.16	+3.92%

Silver • 439 days	30.82	+1.16	+3.92%
Copper • 439 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.39	+0.95	+1.41%
Natural Gas • 11 mins	3.107	+0.064	+2.10%
Heating Oil • 11 mins	2.377	+0.046	+1.98%

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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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