Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,733.30	+67.60	+4.06%
WTI Crude •11 mins	85.93	-1.78	-2.03%
Gasoline •11 mins	3.038	-0.064	-2.05%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.41	-1.97	-2.18%
Natural Gas • 11 mins	3.085	-0.002	-0.06%
Heating Oil • 11 mins	3.420	-0.093	-2.66%

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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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