Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	942.20	+5.80	+0.62%
WTI Crude •10 mins	69.84	+0.38	+0.55%
Gasoline •11 mins	1.953	+0.012	+0.61%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.26	+0.32	+0.44%
Natural Gas • 10 mins	3.904	+0.156	+4.16%
Heating Oil • 12 mins	2.253	+0.022	+0.96%

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GBP/USD: Approaching Long-Term Trend-Line Support

By - Feb 06, 2013, 3:32 AM CST

GBP/USD's minor recovery stalled last Friday at 1.5879, followed by a sharp swing lower which has subsequently printed a fresh low, at 1.5631. This level rests just above long-term trend-line support from 1.3503. A degree of support would be anticipated from this level. However, a sustained break under this major trend-line would suggest scope for a minimum retest of the 1.5269 region.

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).

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