Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,469.90	+57.40	+4.06%
WTI Crude •19 hours	68.45	+1.88	+2.82%
Gasoline •19 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	70.36	+1.72	+2.51%
Natural Gas • 19 hours	3.314	-0.023	-0.69%
Heating Oil • 19 hours	2.447	+0.064	+2.68%

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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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