Commodity Prices

Gold •518 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,650.50	-12.20	-0.73%
WTI Crude •11 mins	59.20	+0.25	+0.42%
Gasoline •11 mins	1.829	+0.002	+0.12%
Ethanol •518 days	2.161	+0.000	+0.00%
Silver •518 days	30.82	+1.16	+3.92%

Silver • 518 days	30.82	+1.16	+3.92%
Copper • 518 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.86	+0.19	+0.30%
Natural Gas • 12 mins	5.021	+0.026	+0.52%
Heating Oil • 11 mins	2.293	-0.008	-0.34%

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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).

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