Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,959.60	+19.90	+1.03%
WTI Crude •11 mins	91.53	-5.07	-5.25%
Gasoline •13 mins	3.311	-0.143	-4.13%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.91	+1.77	+1.84%
Natural Gas • 29 mins	2.937	+0.030	+1.03%
Heating Oil • 20 mins	3.762	-0.126	-3.24%

Headlines

1,076 days Will The ECB Continue To Hike Rates?
1,076 days Forbes: Aramco Remains Largest Company In The Middle East
1,078 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,477 days Could Crypto Overtake Traditional Investment?
1,482 days Americans Still Quitting Jobs At Record Pace
1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,487 days Is The Dollar Too Strong?
1,487 days Big Tech Disappoints Investors on Earnings Calls
1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
1,490 days China Is Quietly Trying To Distance Itself From Russia
1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,494 days Crypto Investors Won Big In 2021
1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
1,498 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,504 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Moving Higher

By - Oct 09, 2013, 5:29 AM CDT

USD/CAD has rebounded after testing the 200 day moving average. The break of the resistance at 1.0358 favours a second leg higher towards the resistance at 1.0436. An initial support can now be found at 1.0353 (intraday low). Another support stands at 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.

Daily Technical Report