Commodity Prices

Gold •774 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,759.90	+3.00	+0.17%
WTI Crude •11 mins	82.11	-0.29	-0.35%
Gasoline •11 mins	3.181	-0.003	-0.09%
Ethanol •774 days	2.161	+0.000	+0.00%
Silver •774 days	30.82	+1.16	+3.92%

Silver • 774 days	30.82	+1.16	+3.92%
Copper • 774 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.77	+0.25	+0.28%
Natural Gas • 11 mins	2.649	-0.084	-3.07%
Heating Oil • 11 mins	4.267	-0.016	-0.37%

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GBP/USD: The Support at 1.6003 Has Been Broken

By - Jan 18, 2013, 5:43 AM CST

GBP/USD has broken its support at 1.6003/1.5993 (09/01/2013 high) and is challenging the medium-term rising trendline. A break of this trendline would open the way for a move towards the support at 1.5829. Hourly resistances are at 1.6039 (17/01/2013 high) and 1.6101 (15/01/2013 high).

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). A key support area is given by 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low).

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