Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	942.90	+6.50	+0.69%
WTI Crude •10 mins	69.34	-0.12	-0.17%
Gasoline •11 mins	1.946	+0.005	+0.25%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.80	-0.14	-0.19%
Natural Gas • 10 mins	3.899	+0.151	+4.03%
Heating Oil • 10 mins	2.241	+0.009	+0.42%

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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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