Commodity Prices

Gold •380 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,456.60	-15.50	-1.05%
WTI Crude •2 hours	67.34	-0.20	-0.30%
Gasoline •2 hours	2.153	-0.017	-0.78%
Ethanol •380 days	2.161	+0.000	+0.00%
Silver •380 days	30.82	+1.16	+3.92%

Silver • 380 days	30.82	+1.16	+3.92%
Copper • 380 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	69.28	-0.24	-0.35%
Natural Gas • 2 hours	3.565	+0.023	+0.65%
Heating Oil • 2 hours	2.453	-0.012	-0.47%

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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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