Commodity Prices

Gold •15 mins	2,347.40	+4.90	+0.21%
Platinum •15 mins	929.90	+9.40	+1.02%
WTI Crude •10 mins	83.90	+0.33	+0.39%
Gasoline •35 mins	2.772	+0.014	+0.51%
Ethanol •8 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.86	+0.22	+0.80%

Silver • 15 mins	27.86	+0.22	+0.80%
Copper • 15 mins	4.587	+0.049	+1.07%
Brent Crude • 17 mins	89.38	+0.37	+0.42%
Natural Gas • 36 mins	1.583	-0.055	-3.36%
Heating Oil • 53 mins	2.562	+0.012	+0.45%

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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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