Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	940.90	+4.50	+0.48%
WTI Crude •10 mins	69.36	-0.10	-0.14%
Gasoline •10 mins	1.946	+0.005	+0.24%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.80	-0.14	-0.19%
Natural Gas • 10 mins	3.827	+0.079	+2.11%
Heating Oil • 10 mins	2.244	+0.012	+0.54%

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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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