Commodity Prices

Gold •423 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,370.50	+8.80	+0.65%
WTI Crude •22 hours	64.01	-0.59	-0.91%
Gasoline •22 hours	2.188	-0.012	-0.52%
Ethanol •423 days	2.161	+0.000	+0.00%
Silver •423 days	30.82	+1.16	+3.92%

Silver • 423 days	30.82	+1.16	+3.92%
Copper • 423 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	68.12	-0.50	-0.73%
Natural Gas • 22 hours	2.997	+0.053	+1.80%
Heating Oil • 22 hours	2.267	-0.043	-1.87%

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GBP/USD: Moving Lower

By - Jun 28, 2013, 5:03 AM CDT

GBP/USD continues to move lower. The shortterm technical configuration is bearish as long as prices remain below the resistance at 1.5346 (see also the declining trendline). Supports can be found at 1.5202 and 1.5141.

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. The decline from the top at 1.5752 is viewed as a new phase of weakness. A test of the support at 1.5009 (29/05/2013 low) is expected at the very least in the medium-term.

Daily Technical Report