Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,364.00	+21.00	+1.56%
WTI Crude •10 mins	64.80	-0.31	-0.48%
Gasoline •11 hours	2.080	-0.010	-0.48%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	67.61	-0.16	-0.24%
Natural Gas • 11 mins	3.467	+0.011	+0.32%
Heating Oil • 11 hours	2.346	+0.039	+1.67%

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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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