Commodity Prices

Gold •341 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,223.00	+8.50	+0.70%
WTI Crude •10 mins	65.32	+0.03	+0.05%
Gasoline •11 mins	2.096	+0.001	+0.04%
Ethanol •341 days	2.161	+0.000	+0.00%
Silver •341 days	30.82	+1.16	+3.92%

Silver • 341 days	30.82	+1.16	+3.92%
Copper • 341 days	4.530	+0.111	+2.51%
Brent Crude • 25 mins	67.04	+0.57	+0.86%
Natural Gas • 10 mins	3.609	-0.026	-0.72%
Heating Oil • 11 mins	2.146	-0.000	-0.02%

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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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