Commodity Prices

Gold •805 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,780.60	-3.10	-0.17%
WTI Crude •11 mins	100.65	-1.78	-1.74%
Gasoline •18 mins	3.483	-0.003	-0.07%
Ethanol •805 days	2.161	+0.000	+0.00%
Silver •805 days	30.82	+1.16	+3.92%

Silver • 805 days	30.82	+1.16	+3.92%
Copper • 805 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.54	-2.29	-2.16%
Natural Gas • 11 mins	2.890	-0.001	-0.03%
Heating Oil • 11 mins	5.066	-0.180	-3.43%

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GBP/USD: Surge in Selling Pressure Last Friday

By - Jan 27, 2014, 5:03 AM CST

GBP/USD declined sharply last Friday, negating the positive implications of the recent new highs. Supports stand at 1.6451 (22/01/2014 low) and 1.6396 (20/01/2014 low). A resistance now lies at 1.6668 (24/01/2014 high).

The break of the major resistance area between 1.6381 and 1.6466 favours a further long-term rise towards the major resistance at 1.7043 (05/08/2009 high). Given the overall overbought conditions, a break of this level is unlikely in the next weeks. A key support stands at 1.6305 (25/12/2014 low).

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