Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	966.50	-4.00	-0.41%
WTI Crude •10 mins	70.18	+0.08	+0.11%
Gasoline •14 mins	2.054	-0.005	-0.25%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.34	+0.11	+0.15%
Natural Gas • 10 mins	3.368	+0.029	+0.87%
Heating Oil • 10 mins	2.282	+0.007	+0.33%

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GBP/USD: Making New Lows

By - Mar 11, 2013, 7:27 AM CDT

GBP/USD has broken its support at 1.4967 (07/03/2013 low). Further weakness is favoured. Hourly resistances can be found at 1.4967 and 1.5083 (07/03/2013 high). An hourly support is at 1.4885 (08/03/2013 low).

In the longer-term, the 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) calls for a medium-term decline towards 1.4231 (20/05/2012 low). A break of the resistance at 1.5321 is needed to negate this bearish outlook.

Daily Technical Report