Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,141.70	+11.20	+0.53%
WTI Crude •11 mins	91.34	+0.05	+0.05%
Gasoline •12 mins	3.058	-0.012	-0.37%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.94	+0.01	+0.01%
Natural Gas • 15 mins	2.591	-0.019	-0.73%
Heating Oil • 14 mins	3.784	+0.030	+0.81%

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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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