Commodity Prices

Gold •728 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,632.30	+32.40	+2.03%
WTI Crude •11 mins	67.64	-0.94	-1.37%
Gasoline •11 mins	2.897	-0.049	-1.65%
Ethanol •728 days	2.161	+0.000	+0.00%
Silver •728 days	30.82	+1.16	+3.92%

Silver • 728 days	30.82	+1.16	+3.92%
Copper • 728 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.68	-0.89	-1.24%
Natural Gas • 11 mins	3.167	-0.053	-1.65%
Heating Oil • 11 mins	3.189	-0.029	-0.91%

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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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