Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	954.70	-40.50	-4.07%
WTI Crude •10 mins	66.68	-5.03	-7.01%
Gasoline •10 mins	2.163	-0.168	-7.22%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.11	-4.84	-6.46%
Natural Gas • 10 mins	4.162	+0.107	+2.64%
Heating Oil • 10 mins	2.176	-0.146	-6.29%

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GBP/USD: Surging Higher

By - Apr 09, 2014, 5:41 AM CDT

GBP/USD rose sharply higher yesterday, breaking the resistances at 1.6684 and 1.6718 (see also the declining trendline). Resistances can now be found at 1.6786 and 1.6823. The short-term bullish momentum is intact as long as the hourly support at 1.6684 (previous resistance) holds. Another support lies at 1.6556.

In the longer term, prices continue to move in a rising channel. As a result, a bullish bias remains favoured as long as the support at 1.6460 holds. A major resistance stands at 1.7043 (05/08/2009 high).

Daily Technical Report