Commodity Prices

Gold •365 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,387.20	+5.10	+0.37%
WTI Crude •10 mins	66.85	-0.15	-0.22%
Gasoline •10 mins	2.111	-0.008	-0.37%
Ethanol •365 days	2.161	+0.000	+0.00%
Silver •365 days	30.82	+1.16	+3.92%

Silver • 365 days	30.82	+1.16	+3.92%
Copper • 365 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.57	-0.23	-0.33%
Natural Gas • 12 mins	3.407	-0.002	-0.06%
Heating Oil • 12 mins	2.356	-0.014	-0.59%

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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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