Commodity Prices

Gold •398 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,340.80	+10.20	+0.77%
WTI Crude •11 mins	66.13	+0.97	+1.49%
Gasoline •10 mins	2.117	+0.025	+1.21%
Ethanol •398 days	2.161	+0.000	+0.00%
Silver •398 days	30.82	+1.16	+3.92%

Silver • 398 days	30.82	+1.16	+3.92%
Copper • 398 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.61	+0.97	+1.43%
Natural Gas • 10 mins	2.957	-0.053	-1.76%
Heating Oil • 10 mins	2.294	+0.044	+1.95%

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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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