Commodity Prices

Gold •662 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,015.00	-15.40	-0.76%
WTI Crude •11 mins	95.79	+1.39	+1.47%
Gasoline •14 mins	3.506	+0.043	+1.24%
Ethanol •662 days	2.161	+0.000	+0.00%
Silver •662 days	30.82	+1.16	+3.92%

Silver • 662 days	30.82	+1.16	+3.92%
Copper • 662 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.10	+1.77	+1.68%
Natural Gas • 24 mins	2.527	+0.004	+0.16%
Heating Oil • 40 mins	4.003	+0.116	+2.98%

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USD/CAD: Challenging a Major Resistance Area

By - Jan 08, 2014, 5:49 AM CST

USD/CAD has broken to the upside its horizontal range between 1.0559 and 1.0738. The implied short-term upside potential is 1.0917. Monitor the major resistance area near 1.0870 (see also the 38.2% retracement). A support now stands at 1.0732 (intraday low).

In the 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. However, a decisive break would validate a multi-year basing formation whose upside potential is around 1.1910.

Daily Technical Report