Commodity Prices

Gold •648 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,044.40	-20.80	-1.01%
WTI Crude •11 mins	104.20	+7.63	+7.90%
Gasoline •12 mins	3.160	+0.123	+4.04%
Ethanol •648 days	2.161	+0.000	+0.00%
Silver •648 days	30.82	+1.16	+3.92%

Silver • 648 days	30.82	+1.16	+3.92%
Copper • 648 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.80	+6.60	+6.93%
Natural Gas • 13 mins	2.682	+0.034	+1.28%
Heating Oil • 11 mins	4.069	+0.307	+8.17%

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GBP/USD - The Resistance at 1.6162 Has Been Broken

By - Oct 09, 2014, 5:33 AM CDT

GBP/USD has broken the resistance at 1.6176 (intraday high), which opens the way for a further short-term rise. Another resistance stands at 1.6287. An initial support lies at 1.6129 (07/10/2014 high), while an hourly support can be found at 1.6027 (07/10/2014 low).

In the longer term, the collapse in prices after having reached 4-year highs has created a strong resistance at 1.7192, which is unlikely to be broken in the coming months. Despite the recent short-term bearish momentum, we favour a temporary rebound near the support at 1.5855 (12/11/2013 low). A resistance lies at 1.6525.

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