Commodity Prices

Gold •721 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,587.60	+5.70	+0.36%
WTI Crude •11 mins	69.83	-0.51	-0.73%
Gasoline •14 mins	2.870	-0.011	-0.40%
Ethanol •721 days	2.161	+0.000	+0.00%
Silver •721 days	30.82	+1.16	+3.92%

Silver • 721 days	30.82	+1.16	+3.92%
Copper • 721 days	4.530	+0.111	+2.51%
Brent Crude • 45 mins	73.74	-3.34	-4.33%
Natural Gas • 26 mins	3.220	-0.001	-0.03%
Heating Oil • 2 hours	3.176	+0.022	+0.68%

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GBP/USD: Bullish Breakout at 1.5305

By - Jul 23, 2013, 6:01 AM CDT

GBP/USD has broken its strong resistance at 1.5305. Next resistances are likely found at 1.5477 (25/06/2013 high) and 1.5531 (21/06/2013 high, see also the 200-day moving average). Hourly supports are at 1.5258 (22/07/2013 low) and 1.5154 (intraday low).

The break of both resistances at 1.5305 and 1.5346 (27/06/2013 high) stopped our short strategy.

In the longer-term, prices are moving within a mild declining trend since April 2011. However, the recent successful test of the support at 1.4832 and the break of the support at 1.5305 suggest an improving medium-term trend. Key resistances are given by the 200-day moving average and 1.5752 (17/06/2013 high).

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