Commodity Prices

Gold •495 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,601.70	+1.20	+0.07%
WTI Crude •11 mins	59.89	-0.24	-0.40%
Gasoline •12 mins	1.957	-0.014	-0.71%
Ethanol •495 days	2.161	+0.000	+0.00%
Silver •495 days	30.82	+1.16	+3.92%

Silver • 495 days	30.82	+1.16	+3.92%
Copper • 495 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.83	-0.23	-0.36%
Natural Gas • 11 mins	4.287	-0.051	-1.18%
Heating Oil • 13 mins	2.490	-0.021	-0.82%

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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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