Commodity Prices

Gold •15 mins	1,494.10	-4.20	-0.28%
Platinum •15 mins	895.90	+2.90	+0.32%
WTI Crude •2 days	53.87	-0.16	-0.30%
Gasoline •2 days	1.578	-0.004	-0.26%
Ethanol •2 days	1.437	-0.008	-0.55%
Silver •15 mins	17.58	-0.03	-0.19%

Silver • 15 mins	17.58	-0.03	-0.19%
Copper • 15 mins	2.636	+0.039	+1.48%
Brent Crude • 2 days	59.42	-0.49	-0.82%
Natural Gas • 2 days	2.517	+0.001	+0.04%
Heating Oil • 2 days	1.930	-0.004	-0.18%

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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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