Commodity Prices

Gold •580 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,239.00	+30.20	+1.37%
WTI Crude •11 mins	63.46	+0.25	+0.40%
Gasoline •11 mins	1.917	+0.019	+1.00%
Ethanol •580 days	2.161	+0.000	+0.00%
Silver •580 days	30.82	+1.16	+3.92%

Silver • 580 days	30.82	+1.16	+3.92%
Copper • 580 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.65	+0.32	+0.48%
Natural Gas • 11 mins	3.443	+0.132	+3.99%
Heating Oil • 11 mins	2.417	+0.008	+0.31%

Headlines

965 days Will The ECB Continue To Hike Rates?
965 days Forbes: Aramco Remains Largest Company In The Middle East
967 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,367 days Could Crypto Overtake Traditional Investment?
1,372 days Americans Still Quitting Jobs At Record Pace
1,374 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,377 days Is The Dollar Too Strong?
1,377 days Big Tech Disappoints Investors on Earnings Calls
1,378 days Fear And Celebration On Twitter as Musk Takes The Reins
1,380 days China Is Quietly Trying To Distance Itself From Russia
1,380 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,384 days Crypto Investors Won Big In 2021
1,384 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,385 days Food Prices Are Skyrocketing As Putin’s War Persists
1,387 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,388 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,391 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,392 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,392 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,394 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Consolidating

By - May 28, 2013, 5:58 AM CDT

USD/CAD continues to bounce after the 23 May sharp decline. Monitor the test of the hourly resistance at 1.0360 (intraday high). Another resistance can be found at 1.0394. An hourly support is at 1.0286 (23/05/2013 low). Another support can be found at 1.0217 (20/05/2013 low).

In the longer-term, we favour a bullish bias as long as the support at 1.0000 (14/02/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds. Key resistances are now at 1.0447 (04/06/2012 high) and 1.0658 (04/10/2011 high).

Daily Technical Report