Commodity Prices

Gold •127 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	999.40	+6.60	+0.66%
WTI Crude •10 mins	72.34	+0.65	+0.91%
Gasoline •10 mins	2.052	+0.017	+0.84%
Ethanol •127 days	2.161	+0.000	+0.00%
Silver •127 days	30.82	+1.16	+3.92%

Silver • 127 days	30.82	+1.16	+3.92%
Copper • 127 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.62	+0.70	+0.93%
Natural Gas • 10 mins	2.700	-0.047	-1.71%
Heating Oil • 10 mins	2.288	+0.018	+0.78%

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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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