Commodity Prices

Gold •818 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,725.10	-19.20	-1.10%
WTI Crude •11 mins	88.96	-3.64	-3.93%
Gasoline •11 mins	3.238	-0.100	-3.00%
Ethanol •818 days	2.161	+0.000	+0.00%
Silver •818 days	30.82	+1.16	+3.92%

Silver • 818 days	30.82	+1.16	+3.92%
Copper • 818 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	102.57	-2.71	-2.57%
Natural Gas • 11 mins	3.014	-0.092	-2.96%
Heating Oil • 18 mins	4.878	+0.122	+2.57%

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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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