Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,409.40	+2.30	+0.16%
WTI Crude •10 mins	65.70	-0.80	-1.20%
Gasoline •10 mins	2.101	-0.016	-0.76%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.55	-0.75	-1.10%
Natural Gas • 10 mins	3.335	-0.052	-1.54%
Heating Oil • 10 mins	2.387	-0.022	-0.90%

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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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