Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,373.70	-2.90	-0.21%
WTI Crude •11 mins	64.14	+0.09	+0.14%
Gasoline •11 mins	2.026	-0.002	-0.11%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	67.95	-0.52	-0.76%
Natural Gas • 13 mins	3.081	-0.019	-0.61%
Heating Oil • 17 mins	2.353	-0.002	-0.07%

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GBP/USD: Moving Sideways

By - Jun 11, 2013, 5:20 AM CDT

GBP/USD has thus far failed to break the resistance area defined by the resistance at 1.5606 (01/05/2013 high) and the 200-day moving average. Another resistance is given by 1.5879. Hourly supports are given by 1.5489 and 1.5382 (06/06/2013 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 further medium-term decline. Therefore, the rise from 1.4832 is viewed as a rebound. A key resistance area is at 1.5606 (01/05/2013 high) and 1.5684 (06/06/2013, see also the 200-day moving average).

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