Commodity Prices

Gold •307 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	986.50	-5.60	-0.56%
WTI Crude •10 mins	59.53	+0.44	+0.74%
Gasoline •10 mins	2.069	+0.004	+0.19%
Ethanol •307 days	2.161	+0.000	+0.00%
Silver •307 days	30.82	+1.16	+3.92%

Silver • 307 days	30.82	+1.16	+3.92%
Copper • 307 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	62.51	+0.36	+0.58%
Natural Gas • 12 mins	3.543	+0.080	+2.31%
Heating Oil • 14 mins	2.015	+0.006	+0.31%

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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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