Commodity Prices

Gold •461 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,681.80	+55.20	+3.39%
WTI Crude •11 mins	62.77	+1.04	+1.68%
Gasoline •11 mins	1.912	+0.018	+0.96%
Ethanol •461 days	2.161	+0.000	+0.00%
Silver •461 days	30.82	+1.16	+3.92%

Silver • 461 days	30.82	+1.16	+3.92%
Copper • 461 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.41	+0.96	+1.47%
Natural Gas • 11 mins	3.349	-0.149	-4.26%
Heating Oil • 11 mins	2.291	+0.026	+1.13%

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GBP/USD: Making New Highs

By - Oct 01, 2013, 5:58 AM CDT

GBP/USD is moving above its resistance at 1.6179. Monitor the strong resistance area between 1.6302 and 1.6381. An initial support is at 1.6129 (intraday low). A key support stands at 1.5956.

In the longer term, prices are close to the strong resistance area between 1.6302 (30/04/2012 high) and 1.6381 (see also the longterm declining trendlines). Given the increasing overbought conditions, we would be mediumterm cautious on GBP/USD, as it has already priced in a lot of positive news.

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