Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.80	-0.80	-0.08%
WTI Crude •10 mins	62.90	+0.63	+1.01%
Gasoline •10 mins	2.095	+0.012	+0.55%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.70	+0.58	+0.88%
Natural Gas • 11 mins	2.977	-0.045	-1.49%
Heating Oil • 30 mins	2.139	+0.012	+0.57%

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GBP/USD: Bullish Breakout at 1.6668

By - Feb 17, 2014, 5:11 AM CST

GBP/USD has broken the key resistance at 1.6668 (24/01/2014 high). The short-term technical structure remains positive as long as the support at 1.6693 (intraday low) holds. Another support can be found at 1.6600 (intraday low).

In the longer term, the technical structure favours a bullish bias as long as the support at 1.6220 (17/12/2013 low) holds. The decisive break of the resistance at 1.6668 opens the way for a move towards the major resistance at 1.7043 (05/08/2009 high). However, a sustainable move above that level is unlikely in the next few weeks.

Daily Technical Report