Commodity Prices

Gold •112 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,031.90	+2.20	+0.21%
WTI Crude •10 mins	70.01	-0.76	-1.07%
Gasoline •10 mins	2.019	-0.022	-1.09%
Ethanol •112 days	2.161	+0.000	+0.00%
Silver •112 days	30.82	+1.16	+3.92%

Silver • 112 days	30.82	+1.16	+3.92%
Copper • 112 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.22	-0.74	-0.99%
Natural Gas • 10 mins	2.415	+0.073	+3.12%
Heating Oil • 10 mins	2.205	-0.017	-0.75%

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GBP/USD: The Key Support at 1.5235 Has Been Broken

By - Feb 25, 2013, 5:25 AM CST

GBP/USD closed last Friday below its strong support at 1.5235 (13/01/2012 low). It has also moved below its recent low at 1.5132 (21/02/2013 low). Hourly resistances can be found at 1.5321 (22/02/2013 high) and 1.5550 (15/02/2013 high). A support is given by the psychological support at 1.50000.

In the longer-term, a decisive break of the 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) would call for a medium-term decline towards 1.4231 (20/05/2012 low).

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