Commodity Prices

Gold •447 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,488.90	-17.20	-1.14%
WTI Crude •11 mins	63.71	+0.30	+0.47%
Gasoline •51 mins	2.006	+0.007	+0.33%
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	67.92	+0.29	+0.43%
Natural Gas • 14 mins	2.869	+0.016	+0.56%
Heating Oil • 25 mins	2.346	+0.018	+0.78%

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USD/CAD: Monitor The Resistance at 1.0436

By - Jul 18, 2013, 5:46 AM CDT

USD/CAD is challenging the resistance at 1.0436 (see also the declining trendline). Hourly supports lie at 1.0359 (12/07/2013 low) and 1.0326 (11/07/2013 low). Another resistance lies at 1.0501 (61.8% retracement of the current decline).

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.

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