Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	932.60	-2.00	-0.21%
WTI Crude •43 mins	70.42	-0.16	-0.23%
Gasoline •10 mins	1.939	-0.004	-0.21%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.13	-0.26	-0.35%
Natural Gas • 10 mins	3.487	+0.113	+3.35%
Heating Oil • 10 mins	2.243	-0.012	-0.52%

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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