Commodity Prices

Gold •689 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,939.70	-25.10	-1.28%
WTI Crude •1 day	96.60	+0.25	+0.26%
Gasoline •1 day	3.454	+0.074	+2.20%
Ethanol •689 days	2.161	+0.000	+0.00%
Silver •689 days	30.82	+1.16	+3.92%

Silver • 689 days	30.82	+1.16	+3.92%
Copper • 689 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.54	+0.96	+0.94%
Natural Gas • 1 day	2.907	-0.111	-3.68%
Heating Oil • 1 day	3.888	+0.056	+1.47%

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GBP/USD: Challenging its Previous Low

By - Aug 27, 2013, 6:08 AM CDT

GBP/USD has broken the support at 1.5608 and the subsequent bounce attempts have thus far been unimpressive. The key resistance at 1.5752 coupled with short-term overbought readings favour a short-term corrective phase. Monitor the previous low and support at 1.5539. A more significant support stands at 1.5423 (see also the rising channel). An hourly resistance is at 1.5638 (23/08/2013 high), while a key resistance remains at 1.5752.

In the longer-term, prices are moving within a mild declining trend since April 2011. However, the successful test of the support at 1.4832 (12/03/2013 low) suggests an improvement in the long-term trend.

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