Commodity Prices

Gold •690 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,977.90	+38.20	+1.97%
WTI Crude •11 mins	90.88	-5.72	-5.92%
Gasoline •15 mins	3.300	-0.154	-4.46%
Ethanol •690 days	2.161	+0.000	+0.00%
Silver •690 days	30.82	+1.16	+3.92%

Silver • 690 days	30.82	+1.16	+3.92%
Copper • 690 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.44	-6.10	-5.89%
Natural Gas • 11 mins	2.891	-0.016	-0.55%
Heating Oil • 12 mins	3.688	-0.200	-5.15%

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GBP/USD - Challenging a Key Resistance Area

By - Apr 27, 2015, 5:36 AM CDT

GBP/USD is challenging the key resistance area between 1.5137 (09/03/2015 high) and 1.5166 (see also the declining trendline). Hourly supports can be found at 1.5028 (24/04/2015 low) and 1.4960 (23/04/2015 low).

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). A decisive break of the key resistance at 1.5166 (18/03/2015 high) is needed to invalidate this scenario. Another key resistance stands at 1.5552 (26/02/2015 high).

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