Commodity Prices

Gold •364 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,420.70	-12.80	-0.89%
WTI Crude •10 mins	66.92	-0.53	-0.79%
Gasoline •10 mins	2.109	-0.014	-0.66%
Ethanol •364 days	2.161	+0.000	+0.00%
Silver •364 days	30.82	+1.16	+3.92%

Silver • 364 days	30.82	+1.16	+3.92%
Copper • 364 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.55	-0.56	-0.81%
Natural Gas • 10 mins	3.483	-0.005	-0.14%
Heating Oil • 10 mins	2.401	-0.011	-0.46%

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USD/CAD: Potential For a Swing Lower to 1.0500

By - Jan 03, 2014, 6:13 AM CST

USD/CAD continues to meet strong resistance close to the 1.0700 region, threatening a longterm break under the support of the rising channel which has been in place for the last three months. Combined with substantial long speculative positioning, there is scope for a squeeze lower. Should this occur, support would be anticipated close to the 1.0500 region.

Longer term, the strong resistance at 1.0870 (02/11/2009 high, see also the long-term declining trendline from the October 2002 peak) continues to represent a major hurdle. Therefore, a break of this level is needed to call for further long-term strength.

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