Commodity Prices

Gold •769 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,772.10	+17.20	+0.98%
WTI Crude •11 mins	83.01	-0.19	-0.23%
Gasoline •11 mins	3.120	-0.016	-0.52%
Ethanol •770 days	2.161	+0.000	+0.00%
Silver •769 days	30.82	+1.16	+3.92%

Silver • 769 days	30.82	+1.16	+3.92%
Copper • 769 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.60	-0.31	-0.35%
Natural Gas • 11 mins	2.800	+0.033	+1.19%
Heating Oil • 11 mins	4.283	+0.031	+0.72%

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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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