Commodity Prices

Gold •801 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,797.60	-3.50	-0.19%
WTI Crude •1 day	100.05	-2.43	-2.37%
Gasoline •1 day	3.307	-0.086	-2.53%
Ethanol •801 days	2.161	+0.000	+0.00%
Silver •801 days	30.82	+1.16	+3.92%

Silver • 801 days	30.82	+1.16	+3.92%
Copper • 801 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	104.61	-3.02	-2.81%
Natural Gas • 1 day	2.831	-0.003	-0.11%
Heating Oil • 1 day	4.959	-0.098	-1.94%

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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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