Commodity Prices

Gold •365 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,391.50	+9.40	+0.68%
WTI Crude •10 mins	66.83	-0.17	-0.25%
Gasoline •19 mins	2.109	-0.010	-0.47%
Ethanol •365 days	2.161	+0.000	+0.00%
Silver •365 days	30.82	+1.16	+3.92%

Silver • 365 days	30.82	+1.16	+3.92%
Copper • 365 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.52	-0.28	-0.41%
Natural Gas • 10 mins	3.404	-0.005	-0.15%
Heating Oil • 15 mins	2.353	-0.017	-0.71%

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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