Commodity Prices

Gold •842 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,562.40	-14.50	-0.92%
WTI Crude •2 hours	103.27	+3.80	+3.82%
Gasoline •2 hours	3.212	+0.035	+1.10%
Ethanol •842 days	2.161	+0.000	+0.00%
Silver •842 days	30.82	+1.16	+3.92%

Silver • 842 days	30.82	+1.16	+3.92%
Copper • 842 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	116.72	+3.55	+3.14%
Natural Gas • 2 hours	2.640	-0.156	-5.58%
Heating Oil • 2 hours	4.984	+0.052	+1.06%

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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