Commodity Prices

Gold •403 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,333.10	-6.50	-0.49%
WTI Crude •10 mins	63.54	-0.34	-0.53%
Gasoline •15 mins	2.078	-0.008	-0.37%
Ethanol •403 days	2.161	+0.000	+0.00%
Silver •403 days	30.82	+1.16	+3.92%

Silver • 403 days	30.82	+1.16	+3.92%
Copper • 403 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.30	-0.29	-0.44%
Natural Gas • 10 mins	2.908	-0.082	-2.74%
Heating Oil • 27 mins	2.267	-0.013	-0.55%

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GBP/USD: Making New Lows

By - Feb 14, 2013, 6:08 AM CST

GBP/USD has moved below the support implied by the February intraday bullish reversal (1.5573). Further weakness is favoured. Supports can be found at 1.5491 (02/08/2012 low) and 1.5394 (12/07/2012 low). An hourly resistance is at 1.5689 (13/02/2013 high).

The medium-term double-top (from 1.5829 to 1.6302) implies a downside risk at 1.5356.

In the longer-term, GBP/USD is moving in a 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).

Daily Technical Report