Commodity Prices

Gold •447 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,482.80	-23.30	-1.55%
WTI Crude •11 mins	63.69	+0.28	+0.44%
Gasoline •39 mins	2.003	+0.004	+0.18%
Ethanol •447 days	2.161	+0.000	+0.00%
Silver •447 days	30.82	+1.16	+3.92%

Silver • 447 days	30.82	+1.16	+3.92%
Copper • 447 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.94	+0.31	+0.46%
Natural Gas • 12 mins	2.839	-0.014	-0.49%
Heating Oil • 11 mins	2.337	+0.009	+0.38%

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USD/CAD: The Resistance at 1.0556 Has Been Broken

By - Jul 08, 2013, 4:59 AM CDT

USD/CAD has broken the key resistance at 1.0556. However, another strong resistance lies at 1.0658. Hourly supports are at 1.0512 (05/07/2013 low) and 1.0472 (04/07/2013 low).

In the longer-term, the technical improvements call for a test of the key resistance at 1.0870 (02/11/2009 high, see also the long-term declining trendline from the October 2002 peak). We favour a medium-term bullish bias as long as the support at 1.0137 (14/06/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds. An initial key support lies at 1.0424 (27/06/2013 low).

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