Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,378.00	+138.40	+6.18%
WTI Crude •11 mins	67.27	+2.06	+3.16%
Gasoline •2 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.17	+2.33	+3.29%
Natural Gas • 11 mins	2.863	+0.036	+1.27%
Heating Oil • 2 hours	2.636	+0.023	+0.88%

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GBP/USD: Bullish Breakout at 1.6178

By - Dec 18, 2012, 5:31 AM CST

GBP/USD has broken the resistance at 1.6178, which opens the way for a test of the strong resistance at 1.6302. Hourly supports can be found at 1.6153 (17/12/2012 low) and 1.6085 (13/12/2012 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). The general overbought conditions suggest that a break to the upside is unlikely in the next few weeks.

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