Commodity Prices

Gold •10 mins	2,398.00	+9.60	+0.40%
Platinum •10 mins	954.50	+0.30	+0.03%
WTI Crude •20 mins	82.73	+0.04	+0.05%
Gasoline •20 mins	2.714	-0.015	-0.55%
Ethanol •19 mins	2.161	+0.000	+0.00%
Silver •10 mins	28.38	-0.02	-0.07%

Silver • 10 mins	28.38	-0.02	-0.07%
Copper • 10 mins	4.437	+0.097	+2.24%
Brent Crude • 18 mins	86.97	-0.32	-0.37%
Natural Gas • 20 mins	1.757	+0.045	+2.63%
Heating Oil • 20 mins	2.534	-0.041	-1.58%

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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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