Commodity Prices

Gold •733 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,630.90	-12.20	-0.74%
WTI Crude •11 mins	69.56	+1.01	+1.47%
Gasoline •11 mins	3.008	+0.005	+0.16%
Ethanol •733 days	2.161	+0.000	+0.00%
Silver •733 days	30.82	+1.16	+3.92%

Silver • 733 days	30.82	+1.16	+3.92%
Copper • 733 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.08	+1.09	+1.51%
Natural Gas • 11 mins	3.282	+0.037	+1.14%
Heating Oil • 11 mins	3.340	+0.042	+1.27%

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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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