Commodity Prices

Gold •287 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.80	-10.30	-1.05%
WTI Crude •10 mins	63.00	+0.53	+0.85%
Gasoline •16 mins	2.056	+0.013	+0.61%
Ethanol •287 days	2.161	+0.000	+0.00%
Silver •287 days	30.82	+1.16	+3.92%

Silver • 287 days	30.82	+1.16	+3.92%
Copper • 287 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.32	+0.47	+0.71%
Natural Gas • 11 mins	3.262	+0.015	+0.46%
Heating Oil • 10 mins	2.124	+0.009	+0.40%

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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