Commodity Prices

Gold •405 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,350.20	-3.50	-0.26%
WTI Crude •11 mins	63.13	-0.04	-0.06%
Gasoline •22 mins	2.071	-0.004	-0.18%
Ethanol •405 days	2.161	+0.000	+0.00%
Silver •405 days	30.82	+1.16	+3.92%

Silver • 405 days	30.82	+1.16	+3.92%
Copper • 405 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.14	+0.02	+0.03%
Natural Gas • 10 mins	2.791	-0.017	-0.61%
Heating Oil • 12 mins	2.244	-0.000	-0.01%

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GBP/USD: Approaching The Key Resistance at 1.6260

By - Nov 25, 2013, 6:12 AM CST

GBP/USD is close to the key resistance at 1.6260. An initial support can be found at 1.6177 (22/11/2013 low). Other supports can be found at 1.6109 (intraday low, see also the rising channel) and 1.6073.

In the medium-term, prices are moving within the horizontal range defined by the support at 1.5894/1.5855 and the resistance at 1.6260 (01/10/2013 high).

In the longer term, given the deep overbought conditions, we continue to see a limited upside potential near the resistance at 1.6260 (01/10/2013 high). A decisive break of the support at 1.5894 is needed to deteriorate the long-term technical structure.

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