Commodity Prices

Gold •234 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.70	-9.50	-0.95%
WTI Crude •1 day	70.40	-2.08	-2.87%
Gasoline •1 day	2.027	-0.060	-2.87%
Ethanol •234 days	2.161	+0.000	+0.00%
Silver •234 days	30.82	+1.16	+3.92%

Silver • 234 days	30.82	+1.16	+3.92%
Copper • 234 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	74.43	-2.05	-2.68%
Natural Gas • 1 day	4.234	+0.082	+1.97%
Heating Oil • 1 day	2.432	-0.071	-2.84%

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USD/CAD: Breaks Over Daily Channel Resistamce

By - Jan 15, 2014, 5:12 AM CST

USD/CAD continues to move higher, breaking over the resistance of daily channel resistance. Longer-term structure remains strongly bullish, with scope for medium-term targets near 1.1600, close to 1.1548 (09/07/2009 high).

In the longer term, a decisive break of the major resistance at 1.0870 now validates a multiyear basing formation whose minimum upside potential is around 1.1910. Key resistances can be found at 1.1125 /17/08/2009 high) and 1.1725 (08/07/2009 high).

Daily Technical Report