Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,637.10	+34.80	+2.17%
WTI Crude •11 mins	84.13	-0.33	-0.39%
Gasoline •15 mins	3.302	-0.096	-2.81%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.89	-0.85	-0.94%
Natural Gas • 11 mins	2.742	+0.020	+0.73%
Heating Oil • 12 mins	4.272	-0.098	-2.24%

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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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