Commodity Prices

Gold •176 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	955.80	-9.30	-0.96%
WTI Crude •10 mins	70.31	+0.69	+0.99%
Gasoline •17 mins	1.961	+0.016	+0.80%
Ethanol •176 days	2.161	+0.000	+0.00%
Silver •176 days	30.82	+1.16	+3.92%

Silver • 176 days	30.82	+1.16	+3.92%
Copper • 176 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.89	+0.63	+0.86%
Natural Gas • 17 mins	3.852	+0.137	+3.69%
Heating Oil • 13 mins	2.237	+0.032	+1.45%

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GBP/USD - Potential False Breakout of The Resistance at 1.5490?

By - May 11, 2015, 5:41 AM CDT

GBP/USD has breached the resistance at 1.5490 (29/04/2015 high), but has thus far failed to hold above it, suggesting a potential false breakout. Hourly support lies can be located at 1.5407 (intraday low). Another strong resistances can be found at 1.5552 (26/02/2015).

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). Key resistance stands at 1.5552 (26/02/2015 high).

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