Commodity Prices

Gold •709 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,715.10	+49.40	+2.97%
WTI Crude •11 mins	84.41	-3.30	-3.76%
Gasoline •12 mins	3.044	-0.057	-1.84%
Ethanol •709 days	2.161	+0.000	+0.00%
Silver •709 days	30.82	+1.16	+3.92%

Silver • 709 days	30.82	+1.16	+3.92%
Copper • 709 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	86.92	-3.46	-3.83%
Natural Gas • 11 mins	3.127	+0.040	+1.30%
Heating Oil • 11 mins	3.399	-0.114	-3.25%

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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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