Commodity Prices

Gold •851 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,436.20	+0.20	+0.01%
WTI Crude •11 mins	99.64	-4.48	-4.30%
Gasoline •11 mins	2.995	-0.162	-5.12%
Ethanol •851 days	2.161	+0.000	+0.00%
Silver •851 days	30.82	+1.16	+3.92%

Silver • 851 days	30.82	+1.16	+3.92%
Copper • 851 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.70	-4.73	-4.17%
Natural Gas • 11 mins	2.944	+0.046	+1.59%
Heating Oil • 11 mins	4.520	-0.156	-3.34%

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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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