Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,349.80	-2.10	-0.16%
WTI Crude •10 mins	64.81	-0.71	-1.08%
Gasoline •17 mins	2.085	-0.005	-0.23%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.59	-0.18	-0.27%
Natural Gas • 10 mins	3.463	-0.276	-7.38%
Heating Oil • 15 mins	2.354	+0.047	+2.02%

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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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