Commodity Prices

Gold •490 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,567.90	+17.20	+1.11%
WTI Crude •11 mins	59.59	-0.97	-1.60%
Gasoline •11 mins	1.909	-0.014	-0.71%
Ethanol •490 days	2.161	+0.000	+0.00%
Silver •490 days	30.82	+1.16	+3.92%

Silver • 490 days	30.82	+1.16	+3.92%
Copper • 490 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.52	-0.92	-1.43%
Natural Gas • 11 mins	4.222	-0.121	-2.79%
Heating Oil • 11 mins	2.431	-0.014	-0.56%

Headlines

874 days Will The ECB Continue To Hike Rates?
875 days Forbes: Aramco Remains Largest Company In The Middle East
876 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,276 days Could Crypto Overtake Traditional Investment?
1,281 days Americans Still Quitting Jobs At Record Pace
1,283 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,286 days Is The Dollar Too Strong?
1,286 days Big Tech Disappoints Investors on Earnings Calls
1,287 days Fear And Celebration On Twitter as Musk Takes The Reins
1,289 days China Is Quietly Trying To Distance Itself From Russia
1,289 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,293 days Crypto Investors Won Big In 2021
1,293 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,294 days Food Prices Are Skyrocketing As Putin’s War Persists
1,296 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,297 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,300 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,301 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,301 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,303 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Challenging The Resistance Area Between 1.0420 and 1.0436

By - Oct 25, 2013, 5:33 AM CDT

USD/CAD has likely started a new phase of strength. A test of the declining channel (around 1.0515) is at least expected. Monitor the test of the resistance area between 1.0420 and 1.0436. A support stands at 1.0366.

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) continues to represent a major hurdle. However, the successful test of the support area implied by the long-term rising trendline (around 1.0257) and the 200 day moving average favours a new test of this obstacle.

Daily Technical Report