Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,378.90	+2.30	+0.17%
WTI Crude •13 mins	63.75	-0.30	-0.47%
Gasoline •28 mins	2.018	-0.011	-0.54%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.68	-0.27	-0.40%
Natural Gas • 11 mins	3.084	-0.016	-0.52%
Heating Oil • 18 mins	2.344	-0.011	-0.46%

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GBP/USD - Bullish Breakout of The Key Resistance at 1.5274

By - Feb 06, 2015, 1:44 PM CST

GBP/USD has broken the key resistance at 1.5274 (06/01/2015 high). Even if the declining trendline remains thus far intact, further strength towards the resistance at 1.5486 is favoured. Hourly supports stand at 1.5251 (04/02/2015 high) and 1.5139 (04/02/2015 low).

In the longer term, the break of the key resistance at 1.5274 (06/01/2015 high) suggests renewed buying interest. Upside potential are likely given by the resistances at 1.5620 (31/12/2014 high) and 1.5826 (27/11/2014 high). The strong support at 1.4814 should cap the medium-term downside risks.

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