Commodity Prices

Gold •501 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,565.20	-48.70	-3.02%
WTI Crude •1 day	60.09	+1.40	+2.39%
Gasoline •1 day	2.012	+0.052	+2.65%
Ethanol •501 days	2.161	+0.000	+0.00%
Silver •501 days	30.82	+1.16	+3.92%

Silver • 501 days	30.82	+1.16	+3.92%
Copper • 501 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	64.39	+1.38	+2.19%
Natural Gas • 1 day	4.566	-0.080	-1.72%
Heating Oil • 1 day	2.531	+0.066	+2.69%

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GBP/USD - Bouncing Near The 200 Day Moving Average

By - Aug 18, 2014, 5:22 AM CDT

GBP/USD is trying to bounce near the key support at 1.6693 (see also the 38.2% retracement and the 200 day moving average). Hourly resistances stand at 1.6844 (13/08/2014 high) and 1.6893 (01/08/2014 high).

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 decisive break of the key support at 1.6693 (29/05/2014 low, see also the 200 day moving average) is needed to invalidate this bullish outlook.

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