Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.40	-1.10	-0.11%
WTI Crude •10 mins	70.24	+0.14	+0.20%
Gasoline •22 mins	2.058	-0.001	-0.05%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.35	+0.12	+0.16%
Natural Gas • 10 mins	3.417	+0.078	+2.34%
Heating Oil • 42 mins	2.276	+0.002	+0.07%

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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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