Commodity Prices

Gold •389 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,437.80	+15.00	+1.05%
WTI Crude •10 mins	65.23	+0.07	+0.11%
Gasoline •12 mins	2.097	+0.000	+0.01%
Ethanol •389 days	2.161	+0.000	+0.00%
Silver •389 days	30.82	+1.16	+3.92%

Silver • 389 days	30.82	+1.16	+3.92%
Copper • 389 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	68.52	+0.08	+0.12%
Natural Gas • 10 mins	3.102	-0.008	-0.26%
Heating Oil • 13 mins	2.406	-0.000	-0.01%

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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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