Commodity Prices

Gold •343 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,264.80	+5.20	+0.41%
WTI Crude •10 mins	67.61	-0.54	-0.79%
Gasoline •10 mins	2.145	-0.022	-1.01%
Ethanol •343 days	2.161	+0.000	+0.00%
Silver •343 days	30.82	+1.16	+3.92%

Silver • 343 days	30.82	+1.16	+3.92%
Copper • 343 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.19	-0.58	-0.83%
Natural Gas • 10 mins	3.583	+0.076	+2.17%
Heating Oil • 10 mins	2.184	-0.022	-0.99%

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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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