Commodity Prices

Gold •738 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,629.00	-1.10	-0.07%
WTI Crude •22 hours	71.41	-0.67	-0.93%
Gasoline •22 hours	2.985	-0.054	-1.78%
Ethanol •738 days	2.161	+0.000	+0.00%
Silver •738 days	30.82	+1.16	+3.92%

Silver • 738 days	30.82	+1.16	+3.92%
Copper • 738 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	76.01	-0.29	-0.38%
Natural Gas • 22 hours	2.940	-0.072	-2.39%
Heating Oil • 22 hours	3.553	-0.018	-0.51%

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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.

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