Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,968.60	+28.90	+1.49%
WTI Crude •11 mins	92.01	-4.59	-4.75%
Gasoline •12 mins	3.334	-0.120	-3.48%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.39	+2.25	+2.34%
Natural Gas • 11 mins	2.935	+0.028	+0.96%
Heating Oil • 13 mins	3.775	-0.113	-2.90%

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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).

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