Commodity Prices

Gold •483 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,596.70	-4.10	-0.26%
WTI Crude •11 mins	59.95	-0.53	-0.88%
Gasoline •30 mins	1.964	-0.010	-0.49%
Ethanol •483 days	2.161	+0.000	+0.00%
Silver •483 days	30.82	+1.16	+3.92%

Silver • 483 days	30.82	+1.16	+3.92%
Copper • 483 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.38	-0.54	-0.83%
Natural Gas • 11 mins	3.843	+0.028	+0.73%
Heating Oil • 36 mins	2.394	-0.030	-1.24%

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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