Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,721.20	+55.50	+3.33%
WTI Crude •11 mins	84.49	-3.22	-3.67%
Gasoline •11 mins	2.992	-0.110	-3.53%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	87.22	-3.16	-3.50%
Natural Gas • 11 mins	3.034	-0.053	-1.72%
Heating Oil • 11 mins	3.340	-0.173	-4.93%

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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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