Commodity Prices

Gold •423 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.50	+8.80	+0.65%
WTI Crude •1 day	64.01	-0.59	-0.91%
Gasoline •1 day	2.188	-0.012	-0.52%
Ethanol •423 days	2.161	+0.000	+0.00%
Silver •423 days	30.82	+1.16	+3.92%

Silver • 423 days	30.82	+1.16	+3.92%
Copper • 423 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	68.12	-0.50	-0.73%
Natural Gas • 1 day	2.997	+0.053	+1.80%
Heating Oil • 1 day	2.267	-0.043	-1.87%

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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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