Commodity Prices

Gold •137 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	947.90	+2.80	+0.30%
WTI Crude •10 mins	66.76	-0.26	-0.39%
Gasoline •10 mins	1.942	-0.008	-0.38%
Ethanol •137 days	2.161	+0.000	+0.00%
Silver •137 days	30.82	+1.16	+3.92%

Silver • 137 days	30.82	+1.16	+3.92%
Copper • 137 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.86	-0.18	-0.25%
Natural Gas • 10 mins	2.944	+0.121	+4.29%
Heating Oil • 12 mins	2.169	-0.002	-0.07%

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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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