Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	952.20	+8.20	+0.87%
WTI Crude •10 mins	68.66	-0.04	-0.06%
Gasoline •10 mins	1.993	+0.011	+0.54%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.46	-0.10	-0.14%
Natural Gas • 10 mins	2.702	-0.083	-2.98%
Heating Oil • 10 mins	2.209	-0.004	-0.17%

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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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