Commodity Prices

Gold •10 mins	1,997.10	+1.60	+0.08%
Platinum •10 mins	1,011.80	+1.70	+0.17%
WTI Crude •10 mins	70.40	+0.30	+0.43%
Gasoline •12 mins	2.441	+0.005	+0.21%
Ethanol •8 hours	2.161	+0.000	+0.00%
Silver •10 mins	24.04	+0.05	+0.22%

Silver • 10 mins	24.04	+0.05	+0.22%
Copper • 10 mins	3.733	+0.022	+0.58%
Brent Crude • 10 mins	74.61	+0.33	+0.44%
Natural Gas • 11 mins	2.172	+0.014	+0.65%
Heating Oil • 13 mins	2.319	+0.005	+0.20%

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USD/CAD: Hourly Structure Suggests Scope For Further Gains

By - Jul 11, 2012, 8:28 AM CDT

USD/CAD has an hourly structure that suggests scope for a further squeeze higher to re-test the 1.0363 high. Should this occur, it would mark 1.0101 as the higher low that we have been anticipating. Failure to remain above 1.0101 will warn of a test of the 1.0050 region where very strong support would be anticipated. Medium-term structure remains positive, however, a break under 0.9954 will neutralise our current bullish bias.

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