Commodity Prices

Gold •618 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,042.10	-123.40	-5.70%
WTI Crude •4 hours	98.71	+2.98	+3.11%
Gasoline •4 hours	3.041	+0.077	+2.59%
Ethanol •618 days	2.161	+0.000	+0.00%
Silver •618 days	30.82	+1.16	+3.92%

Silver • 618 days	30.82	+1.16	+3.92%
Copper • 618 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	103.14	+2.68	+2.67%
Natural Gas • 4 hours	3.131	-0.102	-3.15%
Heating Oil • 4 hours	4.015	+0.116	+2.97%

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GBP/USD: Pushing Higher

By - May 02, 2014, 5:50 AM CDT

GBP/USD has broken the key resistance at 1.6823, opening the way for a test of the major resistance at 1.7043. Hourly supports can be found at 1.6847 (29/04/2014 high) and 1.6807 (30/04/2014 low).

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 1.6661 (15/04/2014 low) holds. However, we are reluctant to suggest an upside potential higher than the major resistance at 1.7043 (05/08/2009 high), especially given the general overbought conditions.

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