Commodity Prices

Gold •249 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	968.00	+1.50	+0.16%
WTI Crude •10 mins	66.40	-0.64	-0.95%
Gasoline •10 mins	2.104	-0.005	-0.23%
Ethanol •249 days	2.161	+0.000	+0.00%
Silver •249 days	30.82	+1.16	+3.92%

Silver • 249 days	30.82	+1.16	+3.92%
Copper • 249 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.68	-0.68	-0.97%
Natural Gas • 10 mins	4.557	+0.158	+3.59%
Heating Oil • 10 mins	2.190	-0.026	-1.17%

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GBP/USD: New Highs are Bullish

By - Jul 02, 2014, 5:16 AM CDT

GBP/USD has broken the major resistance at 1.7043. A short-term bullish bias is favoured as long as the hourly support at 1.7007 (27/06/2014 low) holds. An initial support lies at 1.7096 (01/07/2014 low).

In the longer term, the break of the major resistance at 1.7043 (05/08/2009 high) calls for further strength. Resistances can be found at 1.7332 (see the 50% retracement of the 2008 decline) and 1.7447 (11/09/2008 low). A support lies at 1.6923 (18/06/2014 low).

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