Commodity Prices

Gold •15 mins	2,319.90	+11.30	+0.49%
Platinum •15 mins	961.50	-3.80	-0.39%
WTI Crude •10 mins	78.36	+0.25	+0.32%
Gasoline •11 mins	2.551	-0.004	-0.17%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •15 mins	27.17	+0.48	+1.78%

Silver • 15 mins	27.17	+0.48	+1.78%
Copper • 15 mins	4.596	+0.039	+0.86%
Brent Crude • 10 mins	83.16	+0.20	+0.24%
Natural Gas • 12 mins	2.148	+0.006	+0.28%
Heating Oil • 10 mins	2.439	-0.004	-0.17%

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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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