Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.90	+16.70	+1.74%
WTI Crude •10 mins	62.30	-1.37	-2.15%
Gasoline •19 mins	2.081	-0.018	-0.88%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.15	-1.29	-1.91%
Natural Gas • 10 mins	3.004	-0.003	-0.10%
Heating Oil • 12 mins	2.127	-0.022	-1.02%

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GBP/USD: Sliding

By - May 15, 2013, 5:15 AM CDT

GBP/USD has broken its rising channel which confirms a weakening momentum of the rise that started from the low at 1.4832. Monitor the support at 1.5197 (23/04/2013 low). Another support is at 1.5027 (20/03/2013 low). An hourly resistance can be found at 1.5385 (13/05/2013 high).

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 further medium-term decline. Therefore, the recent rise is still viewed as a rebound. A key resistance can be found at 1.5606 (01/05/2013 high, see also 50% retracement).

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