Commodity Prices

Gold •133 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	940.60	-2.90	-0.31%
WTI Crude •10 mins	68.75	+0.32	+0.47%
Gasoline •10 mins	1.987	+0.022	+1.11%
Ethanol •133 days	2.161	+0.000	+0.00%
Silver •133 days	30.82	+1.16	+3.92%

Silver • 133 days	30.82	+1.16	+3.92%
Copper • 133 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.64	+0.36	+0.50%
Natural Gas • 10 mins	2.867	-0.116	-3.89%
Heating Oil • 10 mins	2.228	+0.008	+0.38%

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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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