Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,405.00	-10.00	-0.71%
WTI Crude •10 mins	65.54	+0.30	+0.46%
Gasoline •42 mins	2.111	+0.012	+0.59%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	68.05	+0.32	+0.47%
Natural Gas • 9 hours	3.261	-0.145	-4.26%
Heating Oil • 42 mins	2.381	+0.021	+0.89%

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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