Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,373.50	+133.90	+5.98%
WTI Crude •7 hours	67.02	+1.81	+2.78%
Gasoline •10 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	72.87	+2.03	+2.87%
Natural Gas • 7 hours	2.859	+0.032	+1.13%
Heating Oil • 10 hours	2.636	+0.023	+0.88%

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GBP/USD: Breaching Support at 1.6258

By - Dec 18, 2013, 6:22 AM CST

GBP/USD has moved below the support at 1.6258 but has failed to make a daily close below it. Monitor the subsequent bounce. Hourly resistances are at 1.6349 (16/12/2013 high) and 1.6418 (12/12/2013 high). An initial support now stands at 1.6220 (17/12/2013 low). Another support lies at 1.6134.

In the longer-term, we need to see a decisive break of the major resistance at 1.6381 to open the way for a further long-term rise towards the strong resistance at 1.7043 (05/08/2009 high).

Daily Technical Report