Commodity Prices

Gold •733 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,646.00	+2.90	+0.18%
WTI Crude •11 mins	69.17	+0.62	+0.90%
Gasoline •11 mins	2.982	-0.021	-0.70%
Ethanol •733 days	2.161	+0.000	+0.00%
Silver •733 days	30.82	+1.16	+3.92%

Silver • 733 days	30.82	+1.16	+3.92%
Copper • 733 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	72.77	+0.78	+1.08%
Natural Gas • 11 mins	3.271	+0.026	+0.80%
Heating Oil • 11 mins	3.292	-0.007	-0.21%

Headlines

1,118 days Will The ECB Continue To Hike Rates?
1,118 days Forbes: Aramco Remains Largest Company In The Middle East
1,120 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,520 days Could Crypto Overtake Traditional Investment?
1,525 days Americans Still Quitting Jobs At Record Pace
1,527 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,530 days Is The Dollar Too Strong?
1,530 days Big Tech Disappoints Investors on Earnings Calls
1,531 days Fear And Celebration On Twitter as Musk Takes The Reins
1,532 days China Is Quietly Trying To Distance Itself From Russia
1,533 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,537 days Crypto Investors Won Big In 2021
1,537 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,538 days Food Prices Are Skyrocketing As Putin’s War Persists
1,540 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,541 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,544 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,545 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,545 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,547 days Are NFTs About To Take Over Gaming?

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…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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