Commodity Prices

Gold •335 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,089.30	+18.40	+1.72%
WTI Crude •10 mins	62.69	-0.72	-1.14%
Gasoline •10 mins	2.031	-0.048	-2.32%
Ethanol •336 days	2.161	+0.000	+0.00%
Silver •335 days	30.82	+1.16	+3.92%

Silver • 335 days	30.82	+1.16	+3.92%
Copper • 335 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.75	-0.88	-1.34%
Natural Gas • 10 mins	3.704	-0.018	-0.48%
Heating Oil • 10 mins	2.069	-0.031	-1.46%

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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