Commodity Prices

Gold •861 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,540.30	+1.80	+0.12%
WTI Crude •11 mins	86.26	-0.27	-0.31%
Gasoline •17 mins	2.600	-0.008	-0.30%
Ethanol •861 days	2.161	+0.000	+0.00%
Silver •861 days	30.82	+1.16	+3.92%

Silver • 861 days	30.82	+1.16	+3.92%
Copper • 861 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.47	-0.29	-0.31%
Natural Gas • 11 mins	3.242	+0.027	+0.84%
Heating Oil • 12 mins	4.213	+0.002	+0.04%

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USD/CAD: Short-Term Momentum is Improving

By - Oct 02, 2013, 5:41 AM CDT

USD/CAD has bounced after testing the 200 day moving average. Monitor the resistance at 1.0358. A break of that level would open the way for a second leg higher towards the resistance at 1.0436. Hourly supports can be found at 1.0321 (intraday low) and 1.0275 (30/09/2013 low).

In the longer term, the key resistance at 1.0870 (02/11/2009 high and the long-term declining trendline from the October 2002 peak) is expected to cap the medium-term upside potential. Furthermore, a decisive break of the support area between 1.0246 (31/07/2013 low) and the long-term rising trendline (around 1.0200) would deteriorate the long-term technical structure.

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