Commodity Prices

Gold •246 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	979.30	-0.40	-0.04%
WTI Crude •10 mins	66.15	-0.21	-0.32%
Gasoline •10 mins	2.096	-0.005	-0.25%
Ethanol •246 days	2.161	+0.000	+0.00%
Silver •246 days	30.82	+1.16	+3.92%

Silver • 246 days	30.82	+1.16	+3.92%
Copper • 246 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	69.46	+0.16	+0.23%
Natural Gas • 10 mins	4.272	-0.030	-0.70%
Heating Oil • 10 mins	2.209	-0.015	-0.66%

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GBP/USD - Bullish Breakout at 1.5736

By - Nov 27, 2014, 6:01 AM CST

GBP/USD has broken to the upside out of its horizontal range between the support at 1.5593 and the resistance at 1.5736. The implied shortterm upside is given by 1.5879. A key resistance stands at 1.5945. Hourly supports can be found at 1.5736 (previous resistance) and 1.5679 (26/11/2014 low).

In the longer term, the break of the support at 1.5855 (12/11/2013 low) confirms an underlying bearish trend. A conservative downside risk is given by a test of the support at 1.5423 (14/08/2013 low). Another support can be found at 1.5102 (02/08/2013 low). A key resistance lies at 1.5945 (11/11/2014 high, see also the declining channel).

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