Commodity Prices

Gold •737 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,637.30	+7.20	+0.44%
WTI Crude •11 mins	71.57	-0.51	-0.71%
Gasoline •12 mins	2.990	-0.049	-1.62%
Ethanol •737 days	2.161	+0.000	+0.00%
Silver •737 days	30.82	+1.16	+3.92%

Silver • 737 days	30.82	+1.16	+3.92%
Copper • 737 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.04	-0.26	-0.34%
Natural Gas • 11 mins	2.936	-0.076	-2.52%
Heating Oil • 11 mins	3.546	-0.026	-0.71%

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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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