Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	972.50	+2.00	+0.21%
WTI Crude •10 mins	70.74	+0.64	+0.91%
Gasoline •10 mins	2.057	-0.003	-0.14%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.78	+0.55	+0.74%
Natural Gas • 10 mins	3.113	-0.226	-6.77%
Heating Oil • 10 mins	2.273	-0.001	-0.05%

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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