Commodity Prices

Gold •666 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,986.20	+85.60	+4.50%
WTI Crude •11 mins	103.76	-3.12	-2.92%
Gasoline •11 mins	3.751	+0.010	+0.26%
Ethanol •666 days	2.161	+0.000	+0.00%
Silver •666 days	30.82	+1.16	+3.92%

Silver • 666 days	30.82	+1.16	+3.92%
Copper • 666 days	4.530	+0.111	+2.51%
Brent Crude • 17 mins	113.73	-4.30	-3.64%
Natural Gas • 11 mins	2.764	+0.117	+4.42%
Heating Oil • 11 mins	4.129	-0.070	-1.66%

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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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