Commodity Prices

Gold •689 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,939.70	-25.10	-1.28%
WTI Crude •1 day	96.60	+0.25	+0.26%
Gasoline •1 day	3.454	+0.074	+2.20%
Ethanol •689 days	2.161	+0.000	+0.00%
Silver •689 days	30.82	+1.16	+3.92%

Silver • 689 days	30.82	+1.16	+3.92%
Copper • 689 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.54	+0.96	+0.94%
Natural Gas • 1 day	2.907	-0.111	-3.68%
Heating Oil • 1 day	3.888	+0.056	+1.47%

Headlines

1,074 days Will The ECB Continue To Hike Rates?
1,074 days Forbes: Aramco Remains Largest Company In The Middle East
1,076 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,476 days Could Crypto Overtake Traditional Investment?
1,480 days Americans Still Quitting Jobs At Record Pace
1,482 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,485 days Is The Dollar Too Strong?
1,486 days Big Tech Disappoints Investors on Earnings Calls
1,487 days Fear And Celebration On Twitter as Musk Takes The Reins
1,488 days China Is Quietly Trying To Distance Itself From Russia
1,489 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,493 days Crypto Investors Won Big In 2021
1,493 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,494 days Food Prices Are Skyrocketing As Putin’s War Persists
1,496 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,496 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,500 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,500 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,501 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,503 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CAD: Bullish Breakout at 0.9973

By - Jan 24, 2013, 5:23 AM CST

USD/CAD has broken to the upside out of its horizontal range between 0.9825 and 0.9973. A test of the resistance at 1.0057 (16/11/2012 high) is likely. Hourly supports can be found at 0.9973 (31/12/2012 high). Another support is at 0.9947 (18/01/2013 high).

The underlying trend is negative (see mediumterm declining channel in the daily time frame). Therefore, we see the rise from 0.9633 (14/09/2012 low) as a countertrend move. A test of the support at 0.9633 (14/09/2012 low) is likely in the next six months.

Daily Technical Report