Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,718.30	-0.60	-0.03%
WTI Crude •10 mins	92.17	+1.75	+1.94%
Gasoline •11 mins	3.316	+0.056	+1.71%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	99.76	+1.73	+1.76%
Natural Gas • 11 mins	2.961	-0.065	-2.15%
Heating Oil • 11 mins	4.685	-0.003	-0.07%

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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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