Commodity Prices

Gold •369 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,394.90	+21.60	+1.57%
WTI Crude •10 mins	67.66	-0.27	-0.40%
Gasoline •10 mins	2.152	+0.000	+0.00%
Ethanol •369 days	2.161	+0.000	+0.00%
Silver •369 days	30.82	+1.16	+3.92%

Silver • 369 days	30.82	+1.16	+3.92%
Copper • 369 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.41	-0.17	-0.24%
Natural Gas • 10 mins	3.382	-0.030	-0.88%
Heating Oil • 10 mins	2.410	-0.011	-0.45%

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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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