Commodity Prices

Gold •483 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,582.20	-18.60	-1.16%
WTI Crude •11 mins	60.27	-0.21	-0.35%
Gasoline •13 mins	1.968	-0.006	-0.31%
Ethanol •483 days	2.161	+0.000	+0.00%
Silver •483 days	30.82	+1.16	+3.92%

Silver • 483 days	30.82	+1.16	+3.92%
Copper • 483 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	64.73	-0.19	-0.29%
Natural Gas • 7 hours	3.376	+0.031	+0.93%
Heating Oil • 12 mins	2.414	-0.010	-0.42%

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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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